Thursday, December 4, 2008

Breaking News-RTRS-UPDATE 2-China to expand grain reserves, build storage

BEIJING, Dec 3 (Reuters) - China's largest soy producing province, Heilongjiang, has confirmed its part in a central government plan to buy more grains and soybeans for reserves.
The scheme is an effort to shore up prices and protect farmers' incomes, thereby avoiding hardship and unrest among the rural population.