BEIJING, Nov 21 (Reuters) - China
confirmed on Wednesday that it would stockpile corn and soybeans grown
domestically at higher prices than last year to help farmers' incomes.
The government will pay 4,600 yuan
($740) per tonne of soy and 2,100-2,140 yuan per tonne of corn to farmers in
northeastern provinces, the country's major corn area, the State Administration
of Grain said.
Those prices are around 15 percent
higher than offered last year, a source who had seen government documents on
the step told Reuters in mid-November.
The stockpiling programme will end
on April 30 next year, said the bureau, which requires state warehouses to
accept as much as farmers can sell.
