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Why must the temporary corn purchase and storage policy be reformed?
In September 2015, the National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, the Agricultural Development Bank of China and other departments jointly issued the "Notice on Issues Concerning the State Temporary Storage and Purchase of Corn in Northeast China in 2015". In 2015, the state will continue to implement the temporary corn
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Important changes in the implementation of the agricultural machinery purchase subsidy policy
Event: In the "Guiding Opinions on the Implementation of Agricultural Machinery Purchase Subsidies for 2015-2017" issued this year by the Ministry of Agriculture and the Ministry of Finance, China's machine purchase subsidy policy has undergone many adjustments and innovations in terms of subsidy recipients, scope, and procedures. For example, subsidy recipients have expanded from "
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Sinograin purchased 175 million tons of policy-related grain last year, with storage losses falling sharply
The reporter learned from the Central Grain Reserve Work Conference held on the 5th: In 2015, Sinograin purchased a total of 175 million tons of policy-related grain for the whole year, marking the third consecutive year that purchases exceeded the 100 million ton scale and setting a new record high. A total of 18.5 million tons of policy-related grain were auctioned throughout the year, and the
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Policy grain purchases hit a new high in 2015, reaching 175 million tonnes
The 2016 Central Grain Reserves Work Conference was held in Beijing on the 5th. According to the relevant person in charge of Sinograin, in 2015 Sinograin purchased a total of 175 million tonnes of policy grain for the whole year, exceeding the 100-million-tonne scale for the third consecutive year and setting a new record high, giving full play to its role as the main force in purchasing and storage.
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China's grain prices rank among the world's highest, and high-price market-support purchases have led to grain piling up in warehouses
China is not the world's most developed country, yet China's grain prices have for several years running remained higher than the international market. Large-scale grain and oil reserve purchases have kept China's grain prices rising steadily, and the China Grain Reserves Corporation (hereinafter "Sinograin"), which handles the grain and oil reserve purchases, has maintained a relatively
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Temporary Grain Market Support Purchases Become the Norm, Multiple Impacts Emerge in the Domestic Grain Price Market
To ease the pressure on grain storage capacity, Jilin Province encourages grain purchase and sales enterprises to engage in policy-oriented grain collection and storage, and five enterprises including Jilin Dongfu Rice Industry Company have obtained policy-oriented grain collection and storage qualifications. The photo shows the vertical silos invested in and built by Dongfu Rice Industry Company. Photo by Liu Hui, Economic Daily reporter
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Corn price-support purchases have become a double-edged sword, and the purchase price is the key
As China's corn enters the harvest season, the issue of temporary state reserve price-support for corn has once again become a focus of attention in the industry. Although the industry has different views on the temporary reserve price-support, in the face of the current situation of overproduction of corn in China, the temporary reserve is still an important means of resolving the quantitative contradiction.
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This year's wheat purchases hit a record high for the same period in history
This year's minimum purchase price policy for wheat ends at the end of September. The latest statistics from the National Food Administration show that as of now, various grain enterprises in 11 major wheat-producing areas including Henan and Shandong have purchased a total of 73.63 million tons of newly produced wheat, an increase of 19.73 million tons year-on-year, setting the highest level for the same period in history.
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Domestic cotton production falls short of demand; a new purchase-and-sale system is being built at a faster pace
At the national cotton work teleconference held recently, Lian Weiliang, deputy director of the National Development and Reform Commission, said that domestic cotton demand will recover somewhat in the new year, and the domestic production-demand gap is expected to be about 2 million tons, but the domestic cotton market still has favorable conditions for maintaining stable operation.
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Xinjiang pilot on agricultural machinery leasing: 30% down payment on farm machinery purchases, interest on the balance subsidized
Recently, a pilot project on financial leasing of agricultural machinery, jointly carried out by the Ministry of Agriculture and the Agricultural Bank of China Financial Leasing Company (ABC Financial Leasing), landed in Xinjiang, with 17 cotton pickers all delivered and put into use before the arrival of the new cotton-picking season. This marks that China's agricultural financial leasing business
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