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China raises grain purchasing prices to boost production

Posted on 21 October 2008

From People.com.cn: China’s top economic planning agency on Monday said it would raise the minimum purchasing price for wheat by as much as 15.3 percent starting next year.

The move by the National Development and Reform Commission (NDRC) aims to boost rural income and grain output. The country, with a population of more than 1.3 billion, relies mainly on domestic production for food….. Full Article: Source


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