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Northeast japonica rice market remains stable, with the "strong paddy, weak rice" trend prominent
Recently, the Northeast japonica rice market has been operating steadily, with the "strong paddy, weak rice" feature prominent. Unlike the sharp rise in long-grain paddy, against the backdrop of strict moisture and impurity deductions at state reserve warehouses, round-grain paddy has performed relatively steadily, with only low-moisture paddy seeing an increase of about 2-3 fen compared with last month
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Poor rice sales drag paddy prices lower
Recently, prices in some indica rice-producing areas in southern China have been steady to lower under the influence of many factors. Among them, poor rice sales are one of the important reasons for the decline in paddy prices. Entering the second quarter, sales in the domestic rice market were lower than in the first quarter, and the southern market was also squeezed by imported rice, so enthusiasm for purchasing paddy for processing and trading was relatively low. The indica rice market is expected to remain weak in the later period.
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