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Lowered Temporary Corn Reserve Price: Farmers Should Not Bear the Entire Pain of Reform
Reform is necessary, and adjustment is necessary, but the pain of reform and development cannot be borne entirely by farmers. Grain is, after all, a special commodity; when farmers grow grain, it is itself a responsibility and contribution to national food security, and the cost of market fluctuations cannot
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Industry expects corn prices may still have room to fall around National Day
Since the announcement of the new temporary corn reserve policy, corn prices in the North China and Northeast production areas have all declined, with prices in North China falling particularly sharply, and new and old corn prices are basically the same. At the same time, the pressure from the new corn coming onto the market is gradually emerging, and the corn market at northern and southern ports remains weak.
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Is the corn price determined by the market or dominated by policy?
The price for the state's temporary purchase and storage of corn has been finalized this year at 1 yuan per jin, at most 0.12 yuan per jin lower than last year. This is the first cut since the corn temporary storage policy was implemented in 2007. This subtle change sends a signal to the market: high-price floor
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Corn seed supply will be sufficient next year, with total volume able to meet demand
According to recent scheduling analysis, in China's main corn seed production areas of Gansu and Xinjiang, continuous high temperatures caused a reduction in seed output, but due to an increase in seed production area and large inventories, the total corn seed supply next year will be able to meet demand. Corn seed production in Gansu and Xinjiang fell by 10% to 40%.
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Why the Temporary Corn Procurement Price Can No Longer Be Temporary
Domestic temporary procurement price rises while international market prices fall. The temporary corn procurement policy has reached its eighth year, and the news farmers received is that the temporary procurement price has been lowered from 1.12 yuan per jin to 1 yuan per jin - the first cut in eight years. In Inner Mongolia, the large-scale corn grower Wang Wuhou seemed to have been mentally prepared long ago:
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Corn-producing regions remain weak overall, industry views analyzed
Recently, the Northeast producing region has continued to maintain a sluggish market, with few purchasing entities in the market, traders actively willing to ship goods, and downstream enterprises clearly lacking in their capacity to absorb supply. In addition, new grain has begun to appear sporadically in some areas, and pessimism is strong among all parties, with corn prices continuing to come under pressure and decline.
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Corn temporary storage purchase price set at 1 yuan per jin in 2015
BEIJING (Reporter Yang Zhaokui) The National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, and the Agricultural Development Bank of China recently jointly issued a notice that in 2015 the state will continue to implement the temporary corn purchase and storage policy in the three northeastern provinces and the Inner Mongolia Autonomous Region. This year the state's temporary storage
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This year's corn procurement and storage price is cut by 220 to 260 yuan per tonne
More purchasing entities, and a longer period than in previous years Last weekend, the National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance and other departments jointly issued the "Notice on Issues Concerning the National Temporary Storage and Purchase of Corn in Northeast China in 2015" (hereinafter referred to as the Notice). The Notice states that, with the approval of the State Council, this year the state will continue to implement the temporary corn storage and purchase policy in the three northeastern provinces and the Inner Mongolia Autonomous Region.
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Corn stocks exceed 200 million tons, and the corn purchase and storage mechanism will undergo major changes
Reporters from Economic Information Daily recently interviewed several experts and learned that China's state corn reserves have accounted for more than half of the global total, with huge stockpiles waiting to be consumed. In order to cope with the nearly astronomical carryover corn stocks, China will reform and improve
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Market conditions force first cut in corn temporary storage price in 7 years
The temporary corn purchase and storage policy, once rumored to be ending this year, has taken the stage again. Last Friday evening, the long-awaited 2015 temporary corn storage policy was finally announced. Liu Dong, a corn analyst at Zhuochuang Information, told the Daily Economic News that this year's temporary storage policy
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