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Domestic japonica rice prices are expected to remain high
Currently, domestic rice processing enterprises basically purchase rice from grain depots and trading markets, and mainly policy-oriented rice. Since policy-oriented rice must follow the principle of price-matching sales, the transaction floor price is relatively stable. Meanwhile, the domestic rice market is in the off-season for market consumption, and many processing enterprises reduce rice market supply by suspending production for maintenance, in order to support rice prices in remaining relatively stable. Overall, in the short term there will be few changes in the domestic supply and demand environment, and japonica rice prices will remain stable.
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Why Are Domestic Grain Prices Higher Than Foreign Prices? An Analysis of Four Major Reasons
In response to the situation of persistently high grain price gaps between domestic and international markets, there are two views: one is to stop producing it ourselves and just import, and the other is to drive all farmers off the land and pursue large-scale agriculture. However, Chen Xiwen believes that agricultural policy is not merely an industrial policy, but a social policy that concerns the survival
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China's corn production hits a record high
Just as the world's attention is focused on severe weather damaging the corn yield potential in the United States and Europe, Chinese farmers are expected to harvest a record corn crop this year. In its latest monthly report released last week, the International Grains Council (IGC) raised China's corn production
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Industry View: Japonica Rice Auction Subsidies Stimulate Higher Transaction Rates
The auction subsidy amount in Heilongjiang Province was upgraded from 100 yuan/ton announced on April 17 to 200 yuan/ton on June 12. The subsidy recipients are 102 rice mills in Heilongjiang with a production capacity of over 100,000 tons. According to monitoring, affected by this policy, the transaction volume of state reserve japonica rice auctions increased throughout July,
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China's soybean and edible oil imports hit a new high again in July
Data released by the General Administration of Customs shows that China's soybean imports in July reached a record 9.5 million tonnes, up 17.4% from 8.09 million tonnes imported in June, as buyers took advantage of weak prices to purchase. China is the world's largest soybean importer. The surge in soybean imports was driven by
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Ecology plays an important role in rural development
Ecological civilization is a newly added dimension in the socialist civilization system proposed by our country, following material civilization, spiritual civilization, political civilization, and social civilization. The building of a new countryside corresponds to the entire civilization system. Among these, production development and comfortable living correspond to
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China's soybean imports hit a record high in July, corn also set a new record
China's soybean imports hit a record high in July. Data released by the General Administration of Customs show that in July 2015, China's total soybean imports reached a record 9.5 million tonnes, up 27% from the same period the previous year. This was also the first time China's monthly soybean import volume exceeded 9 million tonnes. In July, China
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High-standard farmland construction pilot projects can enjoy discount interest subsidy policy starting from August
On the 21st, a reporter learned from the China Development Bank that the Ministry of Finance and CDB recently jointly issued the "Notice on Innovating Investment and Financing Models to Accelerate the Pilot of High-standard Farmland Construction." The notice states that starting from August, the two parties will adopt two methods, discount interest and subsidies, to support state-owned farms
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High-standard farmland construction pilots can enjoy interest subsidy and grant policies starting from August
The reporter recently learned from the China Development Bank that the Ministry of Finance and CDB recently jointly issued the "Notice on Innovating Investment and Financing Models to Accelerate the Pilot Program for High-Standard Farmland Construction." The notice states that starting from August, the two parties will adopt two methods - interest subsidies and grants - to support state-owned farms
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Agricultural Product Inventories May Hit a Record High, Hedge Funds Flee in a Hurry
From cotton to wheat, from corn to soybeans, persistently high agricultural product supplies are flooding the market like a deluge, and hedge funds cannot flee fast enough. Bloomberg News, citing a U.S. government report, said a global bumper harvest of agricultural products and slowing growth in market demand will push
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