China to hold on to domestic soybean output

11/27/2012 | Global Times (China) · Messenger (Fort Dodge, Iowa), The

China will begin storing domestic output of soybeans through the end of April in an attempt to increase farmers' incomes amid a decline in production. "The reliance on imports means China has lost pricing power over soybeans in the international market. China should continue to encourage soybean producers and at the same time develop alternatives such as growing corn and palm trees to ensure the grease supply," said consultant Ma Wenfeng.

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Global Times (China) · Messenger (Fort Dodge, Iowa), The

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