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A bumper corn harvest is a foregone conclusion, but market risks warrant vigilance
Golden October is exactly the harvest season in Heilongjiang, and as far as the eye can see there are endless stretches of corn and soybeans. The vast black soil has upheld this region's status as China's largest grain-producing area through its bounty. A reporter recently followed an inspection team from Harbin to Suihua, through Bei'an, past Wudalianchi, as far north as Heihe, then back through Nenjiang, Nehe and Mo Banner in Inner Mongolia, and finally returning to Harbin via Qiqihar, Longjiang and Daqing, a journey of 2,500 kilometers. Through on-site surveys, visits to farming households, seed dealers and grain purchasers, and in-depth discussions with large-scale grain growers, planting associations, state-owned grain depots and processing enterprises, it was learned that the Northern Granary will again welcome a bumper year.
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China is set to stockpile corn in large quantities for the third consecutive year, with the volume expected to reach about 4
Industry analysts say that in the 2014/15 marketing year, the Chinese government may stockpile corn in large quantities for the third consecutive year, because domestic demand is unlikely to recover quickly and a bumper harvest has left supply ample. China is the world's second-largest corn consumer; analysts say that in the 2014/15 marketing year
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Where Will the National Temporary Corn Reserve Policy Go?
Since 2008, the national temporary corn storage policy has been in operation for six years now. The national temporary reserve policy was implemented for the purpose of safeguarding national food security and protecting farmers' income, and after this policy was introduced, it genuinely maximized its own value in the early period. New
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Corn May Become the Next Pilot Commodity, Temporary Storage Policy in the Works for Full Abolition
Corn May Become the Next Target Price Subsidy Pilot Commodity; Decade-Long Temporary Storage Policy Faces an End. China Times reporter Chen Yanpeng reports from Beijing. The National Development and Reform Commission, the Ministry of Agriculture and other departments are in the works to fully abolish the temporary storage policy, intending to replace it with a more market-oriented target price subsidy system.
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Mechanical Corn Harvesting Turns the Traditional "Three Autumns" into One
The annual autumn harvest is approaching once more. Just when mechanized harvesting in many of China's corn-producing areas is still at a relatively low level, Zhucheng City in Shandong Province has already taken the lead in achieving full-process mechanization of corn production. This year, the area of mechanically harvested corn is expected to reach 850,000 mu, with the mechanized harvesting rate
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Divergence between domestic and international corn prices forces adjustment of the temporary corn storage policy
Today, the domestic corn market has clearly shown a "three highs" pattern, that is, the highest output, the highest inventory, and the highest price market, and the domestic corn price has diverged severely from the international market corn price. Liu Hanyuan, Chairman of the Board of Tongwei Group
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Corn price-support purchases have become a double-edged sword, and the purchase price is the key
As China's corn enters the harvest season, the issue of temporary state reserve price-support for corn has once again become a focus of attention in the industry. Although the industry has different views on the temporary reserve price-support, in the face of the current situation of overproduction of corn in China, the temporary reserve is still an important means of resolving the quantitative contradiction.
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Who is the driving force behind the increase in China's corn imports?
In July this year, China's corn imports reached 86,000 tonnes, up 217% month-on-month and up 18% compared with the same period last year. In recent years, corn imports have climbed steadily, showing explosive growth since 2010, jumping from 83,000 tonnes in 2009 to 1.572 million tonnes, an increase of nearly 18 times year-on-year.
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Corn planting area may hit a new record high, seed industry enters a new round of prosperity
Recently, the industry publication Oil World in Hamburg, Germany, stated that because farmers switched to planting corn, China's soybean planting area will decrease by 7% this year, dropping to the lowest level in 22 years, while the corn planting area may increase to a record level. This year, both corn output and imports will
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Corn prices rise to 1.35 yuan, a rare surge in a decade
Recently, a sharp rise in the price of a single kernel of corn is producing rather far-reaching effects across many downstream sectors. In May and June of this year, corn in the Dalian area was still 1.05 yuan to 1.1 yuan per jin, but now it has risen to around 1.35 yuan. Such a high price for corn is, at least in the most recent
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