Grain Market Rescue Package Brewing in China

From Economic Observer Online:

Stuck with the biggest harvest in a decade while demand slumps under an economic downturn, Chinese grain authorities were studying a market rescue package to make up for falling grain prices.

Industry observers have long warned that if Chinese grain prices fall, it could drive local farmers out of the profession and impair China’s food security.

Though some academics doubted if the limited government funding could effectively prop up grain prices, central grain supervisors said the key would be how the government would assemble the policies.

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