AreaChina (Mainland)

Commodity GroupGrains

CommodityAll

Date05/03/2024

Policy CategoryStocks

Policy InstrumentStocks policy

DescriptionAllocated a budget of CNY 140.6 billion (USD 19.5 billion, up 8 percent from last year) for stockpiling grains, edible oils and other materials, and raised the budget allocated to subsidies for agricultural insurance premiums to CNY 54.5 billion (USD 7.8 billion, up 19 percent from last year).