China to end stockpiling for soybeans, cotton in 2014
BEIJING Jan 20 (Reuters) - China will end its temporary stockpiling programmes to support soybean and cotton growers and trial a system of direct subsidies in 2014, the government said in a key policy document late on Sunday.
The widely anticipated move aims to shift to a more market-oriented approach for agricultural products after stockpiling failed to boost soy and cotton output.
Beijing will maintain stockpiling for rapeseed, corn and sugar and will continue to offer a minimum purchase price for wheat and rice, the document said. (Reporting By Dominique Patton; Editing by Paul Tait)
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- U.S. Congress examining deal between NSA official, ex-agency chief