USEUROPEAFRICAASIA 中文双语Français
Home / China

Country to expand corn ethanol amid grain surplus

By Xu Wei | China Daily | Updated: 2017-01-12 07:26

China will further encourage the use of corn to make ethanol this year amid efforts to reduce its huge grain stocks, as authorities mull adjustments to the floor prices for wheat and rice this year.

Xu Shaoshi, head of the National Development and Reform Commission, told an annual work conference on grain circulation recently that the top economic planner will allow a moderate increase in corn-based ethanol and expand its use in other areas to help absorb the corn stocks.

"Instead of subsidizing the storage facilities, it is better to use the grain to subsidize processing enterprises, which will also alleviate the pressure on warehousing," he said.

Country to expand corn ethanol amid grain surplus

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US