Whether the agricultural product price reform pilot will be expanded, NDRC says it depends on the circumstances

The National Development and Reform Commission held a press conference on the 22nd on the cotton target price reform pilot and market regulation. Zhou Wangjun, deputy director of the Price Department of the National Development and Reform Commission, said that the target price reform pilot is an important measure to improve China's agricultural product price formation mechanism. Whether the pilot can be expanded to other varieties in the next step all depends on the situation of the cotton and soybean reform pilots, and there is currently no timetable.

He said that the target price reform pilot is an important measure to improve China's agricultural product price formation mechanism, “Through target price reform, through comprehensive measures, through our large-scale operations, through the improvement of the degree of intensive organization, and through the improvement of the degree of intensification of agricultural production, we will improve the international competitiveness of China's agricultural products.”

He said that the current focus of work is to go all out to do a good job in the cotton and soybean target price reform, solidly carry out the pilot, and carefully summarize the pilot experience. The situation of each agricultural product is different. Whether it can be expanded to other varieties in the next step all depends on the situation of the cotton and soybean reform pilots, and there is currently no timetable.