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Early indica rice government-support purchases may decline this year
Due to consecutive bumper harvests, combined with the impact of imported rice, the domestic early indica rice market has been weak in recent years; and because the market itself has a relatively small capacity, trends are even weaker during the period in the first half of the year when reserve grain is rotated out in a concentrated manner. This year's new early rice opening price was lower than the minimum
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China to expand the scope of agricultural machinery purchase subsidy recipients starting this year
The General Office of the Ministry of Agriculture and the General Office of the Ministry of Finance recently jointly issued the "Guiding Opinions on the Implementation of Agricultural Machinery Purchase Subsidies for 2015-2017", which appropriately revised the subsidy recipients, changing the original "farmers and herdsmen, farm (forestry farm) employees, farmer cooperatives, and agricultural production and operation organizations engaged in agricultural machinery operations that are included in the implementation scope and meet the subsidy conditions" to "individuals and agricultural production and operation organizations directly engaged in agricultural production".
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Farmers May See a Wave of Concentrated Grain Sales, Purchase Volume Expected to Grow
As this year's wheat harvest is already assured and supply is abundant, although some major producing provinces have introduced relevant subsidy policies to promote wheat purchases, such as Henan Province recently allocating 15 million yuan in fixed subsidies to cities and counties with excessive imperfect grains, the grain sources in farmers' hands and circulating in the market remain
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Summer Grain Purchase Investigation: Grain Prices Open Low and Move Steadily, Farmers Panic-Selling and Holding Back Both Decline
Grain prices opened low and are moving steadily, enterprises are more rational in purchasing, and farmers panic-selling or holding back are both decreasing. Near noon, at the "Zhongyu contract high-quality wheat" purchasing point in Binzhou, Shandong, 45-year-old Hu Fuhua sits on a tricycle, waiting to sell grain. With a towel draped around his neck, he wipes the sweat from his face
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Policy rice sales remain sluggish, japonica-indica rice price spread stable
After mid-October, policy-backed competitive bidding for japonica rice and indica rice reopened. However, as the volume of new grain coming onto the market continued to increase, the transaction rate in the old rice market declined compared with the earlier period. As of now, China's total policy rice transactions stand at 3.93 million tons. Total policy japonica rice transactions
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2015 summer grain minimum-price purchase volume down 25% year on year
A reporter learned on September 2 from Sinograin (China Grain Reserves Corporation) that, in accordance with the provisions of the national minimum purchase price implementation plan, Sinograin launched the wheat minimum-price purchase at the end of May in Jiangsu, Hubei, Anhui, Henan and Shandong, and launched the early indica rice minimum-price purchase at the end of July in Anhui, Jiangxi, Hunan and Hubei.
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As of September 5, wheat purchases in major producing areas reached 60.98 million tons
According to statistics, as of September 5, various grain enterprises in 9 major producing areas including Henan and Jiangsu had purchased 60.98 million tons of newly harvested wheat, a decrease of 9.53 million tons compared with the same period of the previous year. Various grain enterprises in 8 major producing areas including Jiangxi and Hunan had purchased 5.96 million tons of newly harvested early indica rice, a decrease of 760,000 tons compared with the same period of the previous year. Various grain enterprises in 9 major producing areas including Sichuan and Hubei had purchased 1.45 million tons of newly harvested rapeseed, a decrease of 1.93 million tons compared with the same period of the previous year.
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In the 2015 summer grain purchase, Sinograin strictly enforced quality standards
The reporter learned from Sinograin (China Grain Reserves Corporation) that, in accordance with the provisions of the national minimum purchase price implementation plan, Sinograin launched the temporary market-support purchase of wheat in Jiangsu, Hubei, Anhui, Henan and Shandong at the end of May, and launched the temporary market-support purchase of early indica rice in Anhui, Jiangxi, Hunan and Hubei at the end of July.
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In 2015, the temporary corn purchase and storage policy continues to be implemented in Northeast China and Inner Mongolia
Xinhua News Agency, Beijing, September 18 (Reporter Liu Yangyang) The National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, and the Agricultural Development Bank of China recently jointly issued a notice stating that in 2015 the state will continue to implement temporary corn purchase and storage in the three northeastern provinces and the Inner Mongolia Autonomous Region
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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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