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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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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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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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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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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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As of March 20, cumulative corn purchases in major producing areas reached 120 million tons
According to statistics, as of March 20, various grain enterprises in 14 major mid-to-late indica rice producing areas including Hubei and Anhui had cumulatively purchased 28.21 million tons of newly produced mid-to-late indica rice, a decrease of 1.52 million tons from the same period last year; various grain enterprises in 7 major japonica rice producing areas including Heilongjiang and Jilin had cumulatively purchased newly produced
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Northeast corn sales progress exceeds 80%, North China exceeds 50%
As of February 25, various grain enterprises in 11 major corn-producing regions including Hebei and Heilongjiang had cumulatively purchased 107.28 million tons of newly harvested corn, an increase of 50,000 tons from before the holiday and an increase of 14.84 million tons from the same period last year. As of the end of February, it is estimated that the overall corn sales progress in the Northeast region has reached 86
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Large volumes of corn flowing to state purchasing enterprises, market anomaly may persist
The corn market trend in 2014 has textbook-style demonstrative significance for 2015, and has had a major impact on the procurement models and inventory strategies of farmers, trading enterprises and grain-using enterprises in the 2015 market. In 2014, the domestic corn market experienced dramatic fluctuations, showing
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Corn purchases in major producing areas reached 97.53 million tons as of February 5
According to statistics, as of February 5, grain enterprises of various types in 14 major mid-to-late indica rice producing areas including Hubei and Anhui had cumulatively purchased 28.21 million tons of newly harvested mid-to-late indica rice, a decrease of 1.52 million tons from the same period last year; grain enterprises of various types in 7 major japonica rice producing areas including Heilongjiang and Jilin had cumulatively purchased newly harvested
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Corn temporary storage purchase accelerates, grassroots grain prices rise accordingly
I. Spot market Northeast production area: temporary storage accelerates, grassroots grain prices rise. The temporary storage purchase efforts in the Northeast production area have strengthened again. According to the latest data, purchases in the past 5 days have reached 6.62 million tons, and total purchases have exceeded 45 million tons. With the help of accelerated purchases, grassroots grain prices in the production area have risen.
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