Trade and markets
 

Detail

Area
China (Mainland)
Commodity Group
Grains
Commodity
Maize
Date
01/03/2016
Policy Category
Production
Policy Instrument
Producer subsidies
Description
Announced the end of the state maize purchasing and stockpiling programme starting in the 2016/17 marketing season. Under the new policy, farmers to be offered direct support and other forms of subsidies (details to be announced). This follows a recent government decision to cut the guaranteed purchase price of maize by 10 percent for crops to be harvested starting in September of this year.