Tuesday, February 2, 2010

Breaking News-RTRS-UPDATE 2-China to keep stockpiling soy, corn in 2010

BEIJING, Feb 1 (Reuters) - China will continue a policy of stockpiling corn, soybeans and rapeseed aimed at supporting local farmers that last year led to record soy imports.
It will also keep raising its minimum purchase prices for rice while increasing grain reserves in its consuming areas, according to a government document on agricultural policy issued on Sunday.