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Investing.com -- China’s finance and agriculture ministries have allocated 1.1 billion yuan ($153.34 million) in disaster relief funds aimed at stabilizing autumn grain production in major grain-producing regions, according to state broadcaster CCTV on Wednesday.
The funds will support 13 regions across China, including Heilongjiang, Inner Mongolia, Henan and Hunan provinces. The money will be used to subsidize agricultural treatments for key crops including corn, soybeans and mid-season rice.
Specifically, the subsidies will help farmers apply growth regulators, foliar fertilizers, stress-resistance agents and pesticides to these important food crops, CCTV reported.
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