China plans to scrap its nine-year-old corn stockpiling system and allow markets to determine prices for the grain, pushing to end a widening gap between domestic and international prices that has led to a surge of cheaper imports. They will instead subsidise corn growers and encourage commercial firms to buy grain from farmers.
Maize| China plans to scrap its nine-year-old corn
May 30, 2016 8:24 AM | Skymet Weather Team
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