Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soy-foods, soy-based feed
Date
01/03/2018
Policy Category
Production
Policy Instrument
Sector development measures
Description
Introduced localized direct support payments for industries processing soybean into food and feed products.
Notes
According to media reports, in 2018, soyfood manufacturers and feed producers in Chinas Jilin Province will benefit from state subsidies aimed at fostering the development of soybean processing and feed production in the countrys Northeast. The provision of direct support payments to specialized local industries appears to be in line with Chinas on-going policy re-orientation away from nationwide crop procurement programmes (see also MPPU June16). Details on the amount and modalities of the payments are still to be provided. Reportedly, soybean processors holding food production licenses and having an annual capacity of more than 5 000 tonnes would be eligible for the subsidies.
