The Ministry of Finance and State Administration of Taxation will abolish export rebates on grain products from December 20, Beijing Business Today reported (in Chinese). According to a circular released jointly by the two government agencies, the list covers 84 types of products in five categories including wheat, rice, corn and soybeans. The move was seen as part of a series efforts to increase domestic grain supply and stabilize food prices. China has also lowered import tariffs for soybean from 3% to 1% in October, and released corn from central reserves onto the market last previous week to ease grain-price fluctuations.
Categories