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China to step up digesting rice stocks, expand ethanol production in 2018

BEIJING, Feb 13 (Reuters) -

* China will step up efforts to digest its rice stocks in
2018,
the State Administration of Grain said in a document on Tuesday

* Beijing will also expand production and consumption of
fuel
ethanol this year, according to the document, to whittle down
its huge corn stockpile.

* The document did not give details on specific measures
that
Beijing will take

* China has been overhauling support for grain production,
abandoning state stockpiling schemes and cutting support prices
for major crops, such as wheat and rice, after years of bumper
harvests saddled the government with overflowing reserves
(Reporting by Hallie Gu and Tom Daly)

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