Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/11/2013
Policy Category
Stocks
Policy Instrument
State reserves
Description
Continued procurement of soybeans to constitute state reserves for future market interventions and to support domestic farm gate prices.
Notes
CHINA soybean support - Local procurement: Public procurement of soybeans from this years harvest has been confirmed at Yuan 4 600 per ton (760 USD) unchanged from last year. State purchases will be concentrated in Northeast China and are scheduled to last until April 2014.
