AreaChina (Mainland)

Commodity GroupOilseeds, oils and meals

CommoditySoybeans

Date01/11/2013

Policy CategoryStocks

Policy InstrumentState reserves

DescriptionContinued procurement of soybeans to constitute state reserves for future market interventions and to support domestic farm gate prices.

NotesCHINA – soybean support - Local procurement: Public procurement of soybeans from this year’s harvest has been confirmed at Yuan 4 600 per ton (760 USD) – unchanged from last year. State purchases will be concentrated in Northeast China and are scheduled to last until April 2014.