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BIZCHINA / Center
Dairy industry to get State support
(Xinhua)
Updated: 2007-09-24 09:21
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Shoppers select dairy products in a supermarket in Zhengzhou, Henan
Province, according to this May 22 file photo. China announced measures
Sunday to support the dairy industry as 30 percent milk cow raisers
suffered losses in 2006. [newsphoto]?
China announced measures Sunday to support the dairy industry as 30
percent milk cow raisers suffered losses in 2006.
The cost of milk cow raising has increased sharply since 2006. The cost
of feed has increased by 30 percent; cost of human labor has doubled; and
expenses in quarantine, transport and water and power have also increased
to different extents.
However, the price of milk has remained the same as in the previous
years. As a result, the profit from raising a milk cow decreased by an
average 1,200 yuan (US$160).
The new measures will put all raisers of progenitive cows across the
country under the subsidy program that once only covered 181 counties,
according to the National Development and Reform Commission.
Under the new measures, the government will provide more financial
support, including offering interest subsidies and extending loan payment
period, to milk cow raisers.
The government will provide premium subsidies to encourage milk cow
raisers to buy insurance, according to the new measures.
Related departments and authorities of the State Council are studying the
implementation details of the measures, which will be enforced by the end
of 2007.
(For more biz stories, please visit Industry Updates)
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