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Who Set the Main Tone for the Rise in Corn Prices?
Recently, the rise in domestic corn prices has slowed, but the overall price level remains firm. The extremely high volume of temporary state reserve purchases of corn in Northeast China is the main reason driving corn prices upward nationwide. However, the earlier sharp rise has overextended market expectations for the future, causing price growth to slow to varying degrees in some areas, and even to decline.
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Why Have Corn Seed Prices Soared? An In-Depth Analysis of the Causes
"Last year a bag of 50,000 kernels of Demeiya No. 1 seed cost 500 yuan, this year it has risen to 1250 yuan. How can it rise so much? That's outrageous." said Pang Long, a large grain farmer in Wudalianchi City, Heilongjiang. One hao of land (one hao equals 15 mu) needs two bags of seed, so the seed cost alone increases by
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Be Careful When Buying Corn Seed Across Regions
Nowadays, spring plowing preparations are in full swing in the cold high-altitude regions of northern China. All cooperatives and large grain-growing households are rushing about to buy high-quality, high-yield corn seed, staking the golden autumn on those seeds. In this prime season for buying corn seed, Heilongjiang
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Corn port inventories continued to decline as of last Friday
As of last Friday, corn inventories at the four northern ports totaled 3.457 million tons, of which inventories at Beiliang, Dayaowan, Jinzhou and Bayuquan ports were 320,000 tons, 177,000 tons, 1.46 million tons and 1.5 million tons respectively, a decrease of 50,000 tons from the previous week. Last week, the volume shipped south from the four northern ports was 360,000 tons,
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Corn starch prices keep running firm
Corn starch prices keep running firm After the earlier strong upward adjustments, corn prices in the production areas have now seen a slight pullback and correction, but with supply currently tight, market prices remain mainly firm. As for corn starch, although deep-processing profits have improved markedly, with enterprises' operating rates on the low side and spot corn starch inventories on the low side, spot corn starch prices will still keep running firm.
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China's corn stocks revised up 15%, British paper says FAO figure still too low
Cankaoxiaoxi.com reported on April 7 that after the United Nations Food and Agriculture Organization recently sharply revised up its estimate of China's corn stocks, concerns that China's corn demand may have been severely overstated were further confirmed. According to the website of the British Financial Times on April
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Northeast corn prices keep rising, farmers' enthusiasm for selling grain runs high
According to observations, the temporary state reserve corn purchase is about to end, but the heat remains undiminished, corn prices in the Northeast continue to rise steadily, while corn in North China and southern sales regions, lacking the support of the temporary reserve policy, has seen its price momentum slow markedly, with some places even
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Temporary storage corn auctioned early, corn competitive bidding sales start ahead of schedule
On April 9, the competitive sales of state temporary storage imported corn and state temporary storage corn began again. This is the second launch after the conclusion of the temporary storage corn auction in early January this year, more than a month earlier than the launch of last year's state policy corn auction.
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Corn prices unlikely to see deep correction, temporary storage auction runs low-key
The much-watched "trial" auction of temporary-storage corn in the south has ended. Given that the starting prices at this auction did not show the worrying "low prices," the state's intention to auction at a price that covers costs is obvious, and the bearish impact of the auction on the market is limited. Temporary storage auction proceeds "low-key." On April 9, the
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Corn planting area expected to expand 1.9% this year
China's corn planting area is expected to expand 1.9% this year, while the cotton planting area will shrink 11.2%, according to the National Bureau of Statistics. The rice planting area may increase 1.2% this year and the wheat area may rise 0.7%, the bureau said in a statement. More than 110,000 farmers took part in this planting
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