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Commodities Briefing - Categorized | Agriculture, Market Moves more

China ups rice purchase price; aid to farm incomes

Posted on 26 January 2009

From AP: China plans to raise the minimum state purchasing price for rice, the government’s planning agency said Saturday, aiming to boost farm incomes and encourage farmers to grow more grain.

The minimum purchasing price for rice will rise by an average of 16 percent this year, compared with an increase of 13 percent last year, the National Development and Reform Commission said in an announcement on its Web site….. Full Article: Source


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