AreaChina (Mainland)

Commodity GroupOilseeds, oils and meals

CommodityOilseeds, grains

Date01/05/2021

Policy CategoryProduction

Policy InstrumentAgricultural policy

DescriptionInformed that it would continue promoting stable domestic grain production to ensure national food security. Specifically, subsidies for soybean producers would be maintained, along with cross-commodity insurance programmes and public grain procurement schemes. Moreover, stringent land-use regulations would be enforced and storage facilities enhanced. Other measures would include the promotion of commercial breeding systems and research efforts to raise the oil content of soybeans.

NotesCHINA – agricultural policy: The Government informed that it will continue to promote stable domestic grain production to ensure food security. Reportedly, the minimum purchase price policies for wheat and rice will be maintained, as will subsidies for maize and soybean producers and public insurance programmes for farmers. Reportedly, grain procurement, reserves and market regulation will be enhanced, and storage and logistics facilities improved. Furthermore, more stringent regulations over the use of arable land will be enforced. Other measures include the promotion of commercial breeding systems and research efforts to raise the oil content of soybeans.