Shandong Luba Chemical Co.,Ltd
Beijing Multigrass Formulation Co., Ltd.

Political advisors offer suggestions to China's grain pricing reformqrcode

Nov. 20, 2017

Favorites Print Nov. 20, 2017
China's political advisors met Thursday to discuss ways to reform the country's grain pricing system.
 
The bi-weekly consultation session was chaired by Yu Zhengsheng, chairman of the National Committee of the Chinese People's Political Consultative Conference.
 
Political advisors said grain security is an issue of strategic importance. China has achieved steady growth in grain production in recent years and its food security has been effectively safeguarded.
 
However, the current grain pricing and storage policies must be improved to address many problems, such as weakened role of the market, a large inventory build-up and high fiscal burdens.
 
The advisors put forward proposals including measures to reform the country's minimum procurement price system by making it more flexible and letting the market play a more decisive role in the pricing of grain.
 
Measures should also be taken to improve ways to subsidize the grain growers in order to prevent a drop in their income, they suggested, while saying reforms should also be conducted on grain procurement and storage enterprises.
 
The consultation sessions are used by political advisors to study major issues with experts and officials.
 

Join Discussion

Favorites Print
Source: Xinhua News

Guest

United States

Picture 0/1200

More from AgroNews

Sichuan Lomon Bio Technology Co., Ltd.

Magazine

  • Chinese issue of 2018 Market Insight 2018 Market Insight
  • Chinese issue of 2018 CRO & CRAO Manual 2018 CRO & CRAO Manual
  • 2018 India Pesticide Suppliers Guide 2018 Latin America Focus

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.