China plans to subsidize grain transportation

29.11.2017

A new document issued Nov. 24 by China’s National Development and Reform Commission (NDRC) has set forth plans that would subsidize grain transportation and storage facilities in China.

According to a Reuters news report, the NDRC plans to subsidize projects upgrading or building facilities to load and receive grains along main railways and ports for major waterways in in China, including along the Yangtze and Pearl rivers.

“Setting up the special funds ... will help to reduce the cost of grain distribution and improve efficiency,” the NDRC said.

Reuters said inadequate transportation capacity for grain has caused a backlog in northern China and led to higher prices in the past. Poorly constructed storage facilities also have contributed to grain losses in the country, the news agency noted.

In the document, the NDRC said China plans to subsidize grain facilities that offer storage, processing, trading and quality inspection services.


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