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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

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