资讯 1 10 英文网 286 Policy 568681 China sets three-year Xinjiang target price 2017-03-18 07:51:32 yangfang
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China sets three-year Xinjiang target price
2017-03-18

The target price cotton subsidy now will be set every three years instead of annually and put the 2017-2019 level at 18,600 yuan ($2,695) per metric ton, unchanged from 2016. The target price can be adjusted if there are major changes in the cotton market.

 

The move is aimed at curbing big changes in output from year to year, the government said. Under the new plan, the NDRC also has set a limit for how much cotton grown in Xinjiang can benefit from future subsidies. Over the next three years, subsidies for Xinjiang cotton will apply only to output that is less than 85% of the average national annual production for 2012-2014. China gives higher subsidies to Xinjiang growers than in other regions, encouraging farmers elsewhere to plant other crops. Xinjiang now produces at least 67% of China's cotton.