date:Jan 21, 2014
China, the world's top buyer of raw cotton and soy, will this year scrap its controversial scheme to stockpile the commodities and will trial direct subsidies for farmers instead, the government said in a policy document.
The announcement, published late on Sunday, is the first official confirmation the change will come in 2014, although market participants remain uncertain about how the move will pan out as the document lacks specific details on timing, as well as on the structure and size of