AreaChina (Mainland)

Commodity GroupGrains

CommodityAll

Date03/02/2024

Policy CategoryConsumption and marketing

Policy InstrumentProcurement price

DescriptionReleased its annual agriculture white paper, which indicated the government will raise the minimum purchase price of wheat, and maintain subsidies for rice, maize and soybeans. The policies were among a series of measures which the government said were aimed at supporting food security, preventing rural poverty, and supporting rural development.