SUBSCRIBERS
China giving farmers subsidies to plant soya beans
Published Tue, Sep 6, 2016 · 09:50 PM
Beijing
CHINA'S top grain province is offering farmers subsidies of 150 yuan (S$30.46) per mu (0.067 hectare) to rotate corn with soya beans, as it seeks to cut corn output amid huge oversupply.
The move, part of a major overhaul of Beijing's grain policy, is expected to significantly boost planting of soya beans next year, although it is unlikely to dent imports by the world's top soya buyer.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Gold flat ahead of US payrolls data, set for second weekly drop
Oil settles near 7-week lows, focus shifts to economy
Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
Shell maintains pace of buybacks as profit beats estimates
Gold prices drift higher as Fed stands pat on key interest rate
Oil falls to 7-week low on surprise US storage build, Middle East hopes