On the evening of September 15, the National Development and Reform Commission, the State Grain Bureau, the Ministry of Finance, the Ministry of Agriculture, the People’s Bank of China and the China Banking Regulatory Commission jointly issued the Notice on Doing a Good Job of Maize and Soybeans in Northeast China in 2017 ”
According to the notification requirements, this year the three northeastern provinces (Heilongjiang, Jilin, Liaoning) and Inner Mongolia Autonomous Region corn, soybean market-oriented acquisition and subsidy mechanism. That is, during the 2017 new grain market, will no longer implement the policy purchasing and storage plan, by the enterprises in accordance with the market price of the acquisition, while the Heilongjiang, Jilin, Liaoning and Inner Mongolia, the implementation of corn farmers in the implementation of corn soybean subsidies system to ensure that farmers Planting income.
However, the notice also pointed out that the acquisition of heavy priority areas should be developed contingency plans, and effectively prepared. It is reported that in 2016 corn market acquisition, in order to solve the problem of farmers selling grain, the three northeastern provinces have introduced a temporary policy on the local corn deep processing and feed enterprises to give subsidies to stimulate the acquisition of enterprises into the market.
In the ongoing policy of grain auction, the notice requires “new grain during the listing period, the relevant state departments will suspend the corresponding regional stock of grain sales, maintaining a smooth operation of the market.”
Other aspects, the notice requires the central enterprises to play a leading role in leading, China Reserve Grain Management Corporation in the new grain market after the orderly turn into the reserve grain, COFCO Group Co., Ltd., China Aviation Industry Corporation and other central enterprises to make full use of their own Channels and advantages to actively carry out market-oriented acquisition.
