date:Jul 14, 2014
Chinese authorities appear set to dismantle the countrys years-old reserve-based crop price support mechanism and move toward a more market-based program designed to allow supply and demand to dictate the crop prices received by farmers.
Chinese authorities have used the national stockpiling program as a tool to promote widespread grain production within the country by purchasing crops off farmers at a minimum price and storing those reserves for use as a buffer during periods of output shortag