Area
China (Mainland)
Commodity Group
Grains
Commodity
Maize and Wheat
Date
13/01/2014
Policy Category
Production
Policy Instrument
Production support, sector policy framework
Description
Issued the "Number one document" which sets the country's policy priorities for the year. Announced that it intended to remain self-sufficient in the production of wheat and rice, but greater volumes of maize and soybeans were likely to be imported in the future. Allocated CNY 122.2 billion (20 billion USD) for grain subsidies, which includes CNY 15.1 billion (USD 2.5 billion) for the direct payment to grain producers and CNY 107.1 billion (USD 17.7 billion) for the comprehensive input subsidy.
