The World Bank has approved a loan of US$100m to support a six-year project that it is hoped will improve the standard of living for dairy farmers in Heilongjiang province, northeastern China, AFX Asia has reported.

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The area’s dairy farmers face low productivity and frequent price fluctuations due to an inconsistent quality of milk. Through household and dairy park-based production programmes, the Heilongjiang Dairy Project aims to improve the quality and efficiency of milk produced in the province.


The loan is repayable within 20-years, with a five-year grace period.


 

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