Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/11/2018
Policy Category
Production
Policy Instrument
Agricultural policy
Description
Raised area-based payments granted to soybean growers in 2018 in Heilongjiang province, in a bid to boost domestic soybean output.
Notes
In a bid to boost soybean output, the Government of Heilongjiang, the countrys top soybean growing province, has increased area-based payments granted to soybean growers in 2018 to CNY 320 per mu (USD 696 per ha), which compares to CNY 173 per mu (USD 376 per ha) paid last year. At the same time, the northeastern province sharply reduced its 2018 subsidies for maize growers. Furthermore, Chinas central Government announced a reduction in the price support for wheat growers: following this years reduction, in 2019, the minimum purchase price for wheat would be reduced further to CNY 112 per 50 kg (USD 325 per tonne).
