China increases purchase price for rise for 2012

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Source: China.org.cn
China plans to increase the minimum rice purchase price this year to stimulate farmers to increase grain output. The minimum Indica rice purchase price will be raised to USD 16.01 per 50 kg, reported the National Development and Reform Commission.  At the same time, the Japonica rice purchase price will be raised to USD 22.18 per 50 kg.
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