IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Sep 2017 | Removal date: open ended
Still in force

Production subsidy

On the 12th of May, 2017, China's Heilongjiang province, its top corn producer, announced an adjusted subsidy scheme that will see both maize and soybeans receive higher government payments. Due to an alleged local soybean shortage, the announcement mentions that soybeans will be entitled to a higher proportion of subsidy allowance than maize.

On the 14th of October, Xinhua News confirmed* that the provincial government in Heilongjiang was cutting the subsidy for producers of the crop from USD 1.56/ha to USD 1.35/ha (CNY 153.92/mu to CNY 133.46/mu).

This drop of 13% is intended to dissuade farmers from production of corn, due to current issues in the PRC with overcapacity of the crop.

*the press release was also promulgated officially by the provincial government.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1005 Maize (corn).
100590 Other

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