The state declared that the target price of soybean was 4800 Yuan/ton in 2014

By CnAgri2014-05-27 09:05:14 Print According to the central file 1 on the demand of reforming the target price of soybean in NE and Inner Mongolia, Approved by the state council, the national development and reform commission, ministry of finance, the ministry of agriculture jointly issued the soybean target price in 2014. After the implantation of target soybean price, the reserving policy was canned. The manufactures sold soybean according to the market price. When the market price was lower than the target price, the state will give subsidy to the manufactures, if the situation was opposite, the state will not give subsidy. Specific subsidies measures shall be formulated by the pilot areas and publish to the society BOABC thinks that, this policy has a limit function to soybean plant.











From “China Oil and Oilseeds Market Weekly Report”