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Wheat purchase policy urgently needs further improvement under the new situation
On October 10, the National Development and Reform Commission officially announced that the minimum purchase price policy for wheat would continue in 2016, with the purchase price remaining unchanged at 1.18 yuan/jin. At this point, the wheat purchase policy commonly known as the market-support policy entered its tenth year. Ten years of market support, wheat prices (
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Going forward, the wheat market mechanism will play a further role
New wheat market performs steadily In mid-to-late July, when reporters visited grain enterprises in major wheat-producing areas such as Jiangsu, Henan, Hebei and Shandong, they found that the phenomenon commonly seen in previous years of market players driving up prices to scramble for grain sources was gone. At many sites for purchasing wheat for the temporary state reserve, grain brokers and traders coming to sell grain lined up in an orderly way to be weighed, put into storage and settled. At the grain collection points set up by small vendors and grain brokers, reporters saw a steady stream of small horse-drawn carts bringing farmers to sell grain.
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New Wheat Purchase Policy Implemented, Farmers' Income Guaranteed
Editor's note: Affected by the domestic macroeconomic situation and the supply-demand relationship for wheat, the market price of new wheat has been running weak this year. Driven by the minimum purchase price policy, the price has generally risen slightly while remaining stable, but quality differentiation is obvious, and the purchase volume has dropped sharply compared with the same period last year. This year's new
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New wheat procurement progress is slow, prices are low
The current domestic new wheat procurement market shows a "slow volume, low price" pattern. Under a high-inventory pattern, the support from policy-based procurement has weakened noticeably, and the effect of policy-based procurement squeezing the market is unlikely to appear. The extended procurement period has flattened the wheat price trend. Wheat prices may overall be in a lukewarm trend, and
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New wheat purchases in main producing areas reached 31.55 million tons as of July 5
Main producing areas purchased 31.55 million tons of new wheat. According to statistics from the State Administration of Grain, as of July 5, various grain enterprises in 9 main producing areas including Henan and Jiangsu had purchased 31.55 million tons of newly produced wheat, a decrease of 14.28 million tons compared with the previous year. Various grain enterprises in 9 main producing areas including Sichuan and Jiangsu purchased
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New Wheat Purchasing Priced by Quality, Market Trends Clearly Diverging
Currently, the harvest of new wheat in China's main producing areas is basically complete. According to the Ministry of Agriculture's crop monitoring, this year's summer grain is expected to achieve another bumper harvest, with total output reaching a new high. Because the market "does not lack grain," and affected by weather, the overall pace of new wheat purchasing in the main producing areas has been slow. Due to
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Slow progress in purchasing newly harvested wheat, market demand is sluggish
"Who dares to rush and buy now? Small traders who purchased farmers' wheat earlier would be lucky just to sell it off smoothly," Xi Yuecun, a wheat trader in Zhumadian, Henan, told reporters. It is understood that this year during the wheat harvest season, rainy weather occurred in Jiangsu, Hubei, Anhui, southern Henan and other places
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New wheat purchase progress slow, market prices remain stable
New wheat purchase progress slow, prices stable. Last week new wheat entered the concentrated purchase period, with purchase progress slowing compared with last year, and the minimum purchase price policy dominating the market. Later, as large volumes of new wheat from the main producing areas come onto the market, the supply pressure of grain sources in the circulation market will gradually become prominent; at present, the policy-based purchase progress in the main producing areas is clearly lagging behind the same period last year, which also weakens its squeezing effect on the circulation market, and terminal demand will remain weak in the short term, making it difficult for wheat prices to gain obvious upward momentum.
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Domestic new wheat prices have risen rapidly recently
Domestic new wheat prices have risen rapidly recently. As the wheat harvest in the main producing areas advances from south to north, the volume of new wheat coming onto the domestic market has continued to increase. Against the backdrop of the minimum purchase price execution plans for wheat being activated in the four provinces of Jiangsu, Hubei, Anhui and Henan, new wheat prices have not declined, but instead have risen rapidly within the past week.
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New wheat market-support purchase program launched, prices rising rapidly
As the wheat harvest in the main producing areas advances from south to north, the volume of new wheat coming onto the domestic market has continued to increase, yet new wheat prices have not declined; instead, they have risen rapidly over the past week. "When new wheat first came onto the market, the purchase price of newly harvested common wheat in the Zhoukou area was only 1.
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