date:Dec 07, 2012
tion and raised the minimum purchase prices for wheat and rice to stimulate grain production.
China launched the minimum pricing program in 2006 to protect farmers from price volatilities, stipulating that the government will buy wheat for state reserves at a set price when market prices fall below it.
The central government has also set aside 3.32 billion yuan (530 million US dollars) this year to support the applications of key technologies to combat the spread of pests and mitigate the impa