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China may reduce corn planting area as grain reform reaches a critical juncture
China may reduce corn planting area as grain reform reaches a critical juncture. The State Council executive meeting held on November 11 revealed an important piece of information: to solve the increasingly severe problem of farmers struggling to sell their grain, the next step is for the relevant ministries and commissions to roll out a series of policies and measures to safeguard grain security and raise
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National temporary corn purchase demand: overall purchasing and storage capacity can meet requirements this year
On November 19, at a news briefing on current grain-related policies jointly held by the National Development and Reform Commission, the Ministry of Agriculture, the Ministry of Finance, the National Grain Administration, the Agricultural Development Bank of China, and Sinograin, a relevant person in charge of Sinograin stated that overall it can meet this year's
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Corn stocks surge sharply, Ministry of Agriculture says structure needs adjustment and optimization
At present, grain supply and demand at home and abroad are generally loose, international grain prices are running at a low level, and the price gap between domestic and international grain remains relatively large. On November 19, at a joint event held by the National Development and Reform Commission, the Ministry of Agriculture, the Ministry of Finance, the State Administration of Grain, the Agricultural Development Bank of China, and Sinograin
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Corn prices fall, and the declining market is worth watching
"The formation of grain prices should be close to the market while also taking into account farmers' legitimate income. This is a very important principle for the future formation of China's grain prices." On November 4, Chen Xiwen, deputy head of the Central Rural Work Leading Group and director of its office, said this at a press conference held by the State Council Information Office.
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China's Corn Stocks May Fall Next Year for the First Time in Six Years
Although Chinese farmers are still keen to plant corn, the growth momentum of China's corn stocks may come to an end. According to the latest attaché report released by the Foreign Agricultural Service of the US Department of Agriculture, China's ending corn stocks in 2016/17 may remain flat or begin to gradually decline.
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UN cuts China corn production forecast by 2%
Sina US Stocks News, Beijing time 27th, FT reports: The United Nations Food and Agriculture Organization (FAO) is preparing to cut its forecast for China's corn production in the current crop year by 2%, due to severe drought in northern China. The agency had previously expected that China's corn production in 2015-16 would reach
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Corn prices continue to rise, rain and snow weather affects buying and selling
In mid-November, supported by the national temporary reserve purchase policy and affected by widespread rain and snow weather in production areas, domestic corn prices continued to maintain an upward trend, especially in North China where the rate of increase in corn prices remained at a relatively high level. Monitoring by the China Grain Network Data Center shows
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China's corn temporary storage price may continue to be lowered in 2016/17
According to industry sources, the Chinese government plans to lower the domestic corn purchase price for a second consecutive year, aiming to boost stagnant demand from the crisis-hit processing industry and draw down massive corn stockpiles. China's corn prices are the highest in the world, making it difficult for the domestic processing industry to stay afloat.
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The Sickle Bend region will cut corn acreage by 50 million mu
On November 2, the Ministry of Agriculture issued guidance on corn structural adjustment in the Sickle Bend region, which will adjust China's corn structure. Affected by factors such as slowing growth in domestic consumer demand and the impact of imports of substitute products, corn currently exceeds demand, and inventories are large
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Corn purchases in main producing areas reached 30.16 million tonnes as of November 25
According to statistics, as of November 25, various grain enterprises in the main producing areas had purchased a cumulative total of 64.38 million tonnes of middle- and late-season rice, corn and soybeans, an increase of 9.17 million tonnes over the same period last year. Various grain enterprises in 14 main producing areas including Hubei and Anhui had purchased a cumulative total of 16.22 million tonnes of newly harvested middle- and late-season indica rice, a year-on-year
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