China: Reduction of corn stockpiles will be massively subsidized

End of October the Chinese announced maize-producing provinces of Jilin and Liaoning, to give a subsidy of 200 yuan / to or equivalent $29.5 to their processing plants, to stimulate the consumption of corn. State corn inventories are at an all-time high and should as quickly as possible will be dismantled.
Tonight, then also the Heilongjiang province promised a subsidy of 300 yuan/to ($43,56 / to) until July 2017. The prices in the local market are currently converted $222 / tons, so the consumption incentive is now at least 20%.

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