GFM Network News

China to stockpile domestic corn, soy for state reserves

Incentive China will buy soy, corn at prices 15 per cent higher than last year’s offer to farmers

Reading Time: < 1 minute Reuters — The Chinese government will start stockpiling soy and corn from local farmers at higher prices than a year ago, an industry source said Nov. 13, a move set to stabilize domestic prices and support soy imports. China, the world’s top soy buyer, will pay 4,600 yuan ($740) per tonne to soy farmers in […] Read more