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Corn prices fall, and the declining market is worth watching
"The formation of grain prices should be close to the market while also taking into account farmers' legitimate income. This is a very important principle for the future formation of China's grain prices." On November 4, Chen Xiwen, deputy head of the Central Rural Work Leading Group and director of its office, said this at a press conference held by the State Council Information Office.
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China's Corn Stocks May Fall Next Year for the First Time in Six Years
Although Chinese farmers are still keen to plant corn, the growth momentum of China's corn stocks may come to an end. According to the latest attaché report released by the Foreign Agricultural Service of the US Department of Agriculture, China's ending corn stocks in 2016/17 may remain flat or begin to gradually decline.
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UN cuts China corn production forecast by 2%
Sina US Stocks News, Beijing time 27th, FT reports: The United Nations Food and Agriculture Organization (FAO) is preparing to cut its forecast for China's corn production in the current crop year by 2%, due to severe drought in northern China. The agency had previously expected that China's corn production in 2015-16 would reach
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Corn prices continue to rise, rain and snow weather affects buying and selling
In mid-November, supported by the national temporary reserve purchase policy and affected by widespread rain and snow weather in production areas, domestic corn prices continued to maintain an upward trend, especially in North China where the rate of increase in corn prices remained at a relatively high level. Monitoring by the China Grain Network Data Center shows
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China's corn temporary storage price may continue to be lowered in 2016/17
According to industry sources, the Chinese government plans to lower the domestic corn purchase price for a second consecutive year, aiming to boost stagnant demand from the crisis-hit processing industry and draw down massive corn stockpiles. China's corn prices are the highest in the world, making it difficult for the domestic processing industry to stay afloat.
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The Sickle Bend region will cut corn acreage by 50 million mu
On November 2, the Ministry of Agriculture issued guidance on corn structural adjustment in the Sickle Bend region, which will adjust China's corn structure. Affected by factors such as slowing growth in domestic consumer demand and the impact of imports of substitute products, corn currently exceeds demand, and inventories are large
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Corn purchases in main producing areas reached 30.16 million tonnes as of November 25
According to statistics, as of November 25, various grain enterprises in the main producing areas had purchased a cumulative total of 64.38 million tonnes of middle- and late-season rice, corn and soybeans, an increase of 9.17 million tonnes over the same period last year. Various grain enterprises in 14 main producing areas including Hubei and Anhui had purchased a cumulative total of 16.22 million tonnes of newly harvested middle- and late-season indica rice, a year-on-year
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Under policy dominance, spot corn prices are unlikely to see major gains
[Introduction]Looking at the domestic corn market in recent years, market prices have all been dominated by policy, with domestic corn prices closely fluctuating in line with changes in the state reserve purchase price and purchase volume. Since the start of the state reserve purchase policy in 2008, domestic corn market prices have consistently been affected by the state reserve
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Temporary storage corn purchases significantly boost corn prices
The progress of temporary storage corn purchases has been very rapid, with an obvious effect on prices. At present, market prices in Heilongjiang and Inner Mongolia have already approached the temporary storage level, and parts of Jilin and Liaoning have already shown a premium over the temporary storage level. At present, price trends in Northeast China are basically led by temporary storage purchases. Because temporary storage purchases
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Sinograin makes every effort to do a good job in the temporary state reserve corn purchase in Northeast China
On December 1, the reporter learned from Sinograin Corporation that the state's temporary reserve corn purchase in the four northeastern provinces has been stable and progressing smoothly, and the purchase volume in the first month was twice that of the temporary reserve purchase in the same period last year. A relevant person in charge of Sinograin told the reporter that since November 1, the state has launched the 2015 temporary reserve corn purchase in the three northeastern provinces and one region.
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