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Tighter Temporary Corn Storage Purchases, Prices Unlikely to Keep Rising This Year
As one of the country's important grain crops, corn prices have fallen sharply and continuously since the start of this year, with corn futures dropping all the way from a high of 2400 yuan/ton at the beginning of the year to a low of 1788 yuan/ton, as short sellers kept adding positions and the open interest in corn futures contracts repeatedly hit new highs
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Corn to be cut by more than 50 million mu within five years, involving 13 provinces
When it comes to the recent prices of China's staple grains, the first reaction of many people is fall, fall, fall! Corn, which has ranked first in China's grain output for many years, has seen its price fall for the first time in the seven years since the temporary storage policy was implemented. A reporter recently learned in some grain-producing areas of Heilongjiang
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Low corn prices will affect breeding direction
This year, the state introduced a new temporary corn purchase and storage policy, and the corn purchase price was reduced by 0.12 yuan/jin compared with last year (a decrease of about 10%), but the actual reaction of markets in various regions was far more dramatic than this. Corn purchase prices and futures prices generally fell by more than 20%, among which the market price in the Huang-Huai-Hai region
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China's rice, wheat and corn have been in net import for 4 consecutive years
Xinhua News Agency dispatch: Although China's grain production has achieved 11 consecutive years of growth since 2004, agricultural trade has correspondingly shown a "dual normality" phenomenon of normalized trade deficits and normalized price inversions. This was learned by reporters at the 2015 (Third) China Grain and Food Safety
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Comprehensive Market-Oriented Design for Corn Leads the Direction of Grain Price Reform
Reducing corn planting area, lowering the temporary state reserve purchase price for corn, steadily digesting existing stockpiles, and separating prices from subsidies - policies on corn have been introduced in succession over the past days. For this agricultural product, which currently has the most severe imbalance between production, supply and marketing, its price reform has become the top priority for both the government and the market.
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Slow Sales of Corn Leave Farmers Anxious, Highlighting the Difficulty of Selling Grain
Why is such beautiful corn not being bought by anyone? A reporter went deep into rural areas of the northern Huang-Huai Plain for interviews and saw many farmers looking sorrowful and helpless in front of corn covering the ground and filling their homes. This year the price of corn is too low; now it can only sell for six or seven jiao per jin. In Fuli Ji Town, Suzhou, Anhui
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Linze County in Zhangye puts a tight clamp on corn seed production bases
Just after New Year's Day, Linze County kept a firm grip on the supervision of corn seed production bases without letting up, further moved the supervision threshold forward, seized the golden period after the payment of corn seed production funds when seed companies contact and connect with bases, held a meeting on the management of corn seed production bases, and issued the "Open Letter to the Broad Masses of Farmers Throughout the County," effectively strengthening the supervision of corn seed production bases and standardizing base implementation practices from seven aspects: strict base supervision, strict enterprise access, strict base implementation, strict contract signing, strict seed payment settlement, strict self-discipline guarantees, and strict accountability. In the connection and implementation of bases, the principle of “six priorities” was fully implemented, effectively directing national-level corn seed production bases toward “three-strong” enterprises with strong economic strength, strong scientific and technological strength, and strong market development capability: giving priority to enterprises that build processing and production lines in Linze, giving priority to enterprises that obtain national-level corn seed production bases through land transfer, giving priority to enterprises that join the Linze corn seed e-commerce platform and settle accounts locally, giving priority to enterprises with good social reputation, timely payment of seed production funds, and high public satisfaction, and giving priority to enterprises registered in Linze that support local economic development and have established good relations, thereby forming a sound mechanism throughout the county of supporting the excellent and the strong and allowing both entry and exit, guiding the county's seed production bases to remain basically stable, further improving construction and management levels, making the industrial structure more optimized, and steadily enhancing the quality and efficiency of the seed production industry.</p></p>
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A Detailed Explanation of the Evolution of Corn Varieties in Northeast China
After the great upheaval of 2012, just as in our country's history the Han Dynasty was followed by the Three Kingdoms, the Tang Dynasty by the Five Dynasties and Ten Kingdoms, and the Qing Dynasty by years of warlord infighting, Northeast China entered a situation of many heroes rising together. The 2013 map of corn varieties and their evolution in Northeast China
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Corn price rise is too rapid, with a short-term inflated component
In recent times, the domestic corn market has been affected by tight supply and increased demand, and corn prices have continued to strengthen. As purchase prices in Northeast China have been continuously raised, market trends in production and sales areas have risen in tandem, and corn prices have hit a new high in recent years. Market monitoring shows that
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Notice on Raising the Temporary Corn Purchase and Storage Price for 2013
NDRC Economic and Trade Document [2013] No. 1289 To the Development and Reform Commissions, Departments of Finance, Departments of Agriculture, Grain Bureaus, Price Bureaus, branches of the Agricultural Development Bank, and Sinograin branches of Inner Mongolia, Liaoning, Jilin, and Heilongjiang provinces (autonomous regions): To protect farmers' interests and their enthusiasm for growing grain, and to promote the development of grain production, with the approval of the State Council, it has been decided to continue implementing the temporary corn purchase and storage policy this year in Northeast China and other main production areas, and to appropriately raise the temporary purchase and storage price level.
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