
China will sever the link between produce prices and government subsidies to build price mechanism that benefits both both customers and farmers, China's top economic planner said. The reform will subsidize consumers when the market price is too high while giving farmers allowances when the market price is below the target , the National Development and Reform Commission (NDRC) said in one statement. The pilot reform will be applied to certain kinds of farm produce in selected regions to allow the market to play the decisive role in pricing. The target price will factor in overall cost, margins for farmers and price gaps between domestic and overseas markets. Currently China sets the grain price by deciding the floor purchase price and adjusts it according to conditions. The policy raised the cost of government purchases and brought risks to grain circulation. The "No.1 Central Document", the central government's first policy document of 2014, decided to build a target price mechanism for farm produce and establish new agricultural management systems
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor