Wednesday, August 19, 2009

Breaking News-RTRS-UPDATE 1-China to consider soy crusher subsidy-traders

BEIJING, Aug 18 (Reuters) - China's State Council, or cabinet, is considering a proposal to give subsidies of 200 yuan ($29.26) per tonne to help plants in the northeast crush domestic crops, traders said on Tuesday.
The move would help the sale of huge stockpiles of state soy reserves but was unlikely to hurt imports as soy plants in the inland province of Heilongjiang crushed only domestic crops, traders said.