AreaChina (Mainland)

Commodity GroupOilseeds, oils and meals

CommoditySoybeans

Date01/08/2019

Policy CategoryProduction

Policy InstrumentProduction support

DescriptionLowered the subsidies offered to soybean growers in the country’s key soybean growing province Heilongjiang – driven by concerns over larger than desired cuts in maize production.

NotesAccording to local media, for the current crop year, the subsidy offered to soybean growers in the country’s key growing province Heilongjiang will amount to CNY 270 per mu (USD 573 per ha), including a payment provided for planting soybeans instead of maize – which compares to CNY 320 per mu (USD 680 per ha) granted last year.