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NDRC: China to purchase more crops to protect farmers

By Fu Jing (China Daily)
Updated: 2008-11-27 11:07

NDRC Nov 27 Press Conference Related readings:  China to buy crops to protect farmers  350b yuan to pour into environmental industry  Total investment to surpass 18t yuan next year  Fuel tax scheme to be made public soon Economic planner unveils stimulus breakdown

China has seen a fifth consecutive year of record agricultural harvest but crop prices have started to drop, said Zhang Ping, minister of the National Development and Reform Commission at a press conference today.

To prevent price declines from affecting farmers' incomes, the central government has decided to increase its procurement of grain, cotton, oil products and meat at minimum purchasing prices.