China wants to pay its farmers only adequate wheat prices

Beijing wants to pay in the future an adequate wheat and rice price its farmers, which is closer to the import prices. A Department Chief of the Chinese Government to the press said that this morning.
This is the first official indication that China want to fit in soon its intervention prices for wheat and rice the world market price in the face of high inventories, so the assessment of the Deputy Head of a group that observed the incomes in rural areas.
Previously, there were rumors that Beijing soon for many years applied wheat subsidy programme wants to abolish, as has happened already in the last spring 2016 with the corn price support in the local press.
In October 2016, the Chinese Government had updated their intervention prices for wheat for another year, although the prices on the world market were dramatically decreased and the quality of Chinese grain harvest was very bad.

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