Agricultural companies saw a rise in share prices Thursday after China launched measures to boost grain production and livestock husbandry by increasing subsidies for farmers, land contractors and farmers’ cooperatives. Shares in Jiangsu-based pesticide producer Nantong Jiangshan Agrochemical & Chemicals rose by 5.6% Thursday from the previous trading day. Veterinary drugs and feedstuff additive producer Zhejiang Qianjiang Biochemical Co also saw a rise in its share price of 5.05%…Full-text article: Global Times Mar 2013

Key point

  • According to an industry insider, China’s agricultural subsidies will increase from 160 billion yuan (US$25.7 billion) in 2012 to 200 billion yuan (US$32 billion) in 2013.

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