China’s largest crop planting province Heilongjiang is set to add 10 million mu (666,667 hectare) of soybean planting acreage in 2022, most of which will be switched from areas that were planted with corn and rice last year.
The Chinese government is expected offer higher subsidies for soybean planting than for corn planting this year, as the country aims to bolster its production of the oilseed.
The market expects subsidies for soybean will be 200 yuan/mu ($475 USD/ha) higher than those for cor...