Date
19 October 2017

Subsidy for food makers’ grain purchases in northeast, MoF says

The Ministry of Finance (MoF), the National Development and Reform Commission, the State Administration of Grain and the Agricultural Development Bank of China have issued a joint notice on subsidizing food makers in their purchases of grains, such as glutinous rice and corn, in the northeast region this year, a ministry statement showed Wednesday. The measure is aimed at encouraging food companies to purchase grains in the region to help ease the hardship of the region’s farmers. Companies will receive one-time subsidy at the rate of 7 fen per 500 grams, according to the notice.

– Contact HKEJ [email protected]m

TL/AC/RC

 

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