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Corn port stocks recently in short supply
Current port corn stocks are insufficient to meet demand. As of August 23, stocks at the four northern ports stood at 2.401 million tonnes; after excluding temporary state reserves, imported and futures corn, the volume available for trade circulation in port stocks was 350,000 tonnes. Among the trade-circulating port stocks, the quantity of high-quality
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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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Deepening Production-Sales Cooperation Is Still Needed to Reduce Grain Inventories
On December 18, several grain processing enterprises from Jilin City, Jilin Province, came to Beijing to promote this year's newly marketed rice. This is already the second time Jilin City has come to Beijing to promote rice. The grain production-sales cooperation between Jilin City and Beijing gives full play to the resource advantages of major grain-producing areas and
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Agricultural product price reform may be imminent, high inventory pressure awaits resolution
The government is worrying about the large quantities of cotton and white sugar piled up in warehouses, bought from farmers at high prices, and now that prices have fallen, they cannot be sold at a loss, and if all the inventory is dumped onto the market, agricultural product prices would clearly face the danger of collapse. According to a reporter from China Securities Journal, the state
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Pork and chicken prices are worlds apart, and the difference in inventory is the main reason
In June, the agricultural by-product market saw more declines than gains, while pork prices stood out alone; affected by increased consumption during the Dragon Boat Festival, the average national live pig ex-farm price rose for 15 consecutive days, with a cumulative increase of 3.7%, and on Monday this week it firmly held the 7.55 yuan/jin mark. In contrast, chicken
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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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Corn port inventories continued to decline as of last Friday
As of last Friday, corn inventories at the four northern ports totaled 3.457 million tons, of which inventories at Beiliang, Dayaowan, Jinzhou and Bayuquan ports were 320,000 tons, 177,000 tons, 1.46 million tons and 1.5 million tons respectively, a decrease of 50,000 tons from the previous week. Last week, the volume shipped south from the four northern ports was 360,000 tons,
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Joint national grain inventory spot-check work was launched in 2015
A reporter recently learned from the National Grain Administration that the National Development and Reform Commission, the National Grain Administration, the Ministry of Finance, the Agricultural Development Bank of China and other departments recently launched the 2015 joint departmental spot-check of the national grain inventory inspection. The various spot-check working groups set out for the relevant provinces on the 26th.
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Corn inventories continue to be drawn down, and the choppy market will persist
In terms of quotes from major regions, as of June 19, prices in Dalian, Jinzhou, Changchun, Weifang and Shekou stood at 2,410 yuan/tonne, 2,400 yuan/tonne, 2,380 yuan/tonne, 2,400 yuan/tonne and 2,480 yuan/tonne respectively, with changes from the previous week of 0 yuan/tonne, 0 yuan/tonne, 0 yuan/tonne, +10 yuan/tonne and -
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National corn inventory exceeds 200 billion kilograms, far above a reasonable level
Statistics show that the corn inventory held by various types of enterprises nationwide currently exceeds 200 billion kilograms, far exceeding a reasonable level, with the characteristics of a stage of supply exceeding demand being obvious. Some main producing areas have encountered the awkward situation of being unable to purchase, unable to store, and unable to sell, and even more so the "troubles after a bumper harvest" of being unable to afford fiscal subsidies.
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