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China's corn temporary storage price may continue to be lowered in 2016/17
According to industry sources, the Chinese government plans to lower the domestic corn purchase price for a second consecutive year, aiming to boost stagnant demand from the crisis-hit processing industry and draw down massive corn stockpiles. China's corn prices are the highest in the world, making it difficult for the domestic processing industry to stay afloat.
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On November 27, 2015, the "National Agricultural Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on November 27 the National Agricultural Wholesale Price Index was 199.02, down 0.02 points from yesterday, of which the "Vegetable Basket" Product Wholesale Price Index was 199.68, up 0.18 points from yesterday. As of 14:00 today, at national agricultural wholesale markets, the average price of pork
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Under policy dominance, spot corn prices are unlikely to see major gains
[Introduction]Looking at the domestic corn market in recent years, market prices have all been dominated by policy, with domestic corn prices closely fluctuating in line with changes in the state reserve purchase price and purchase volume. Since the start of the state reserve purchase policy in 2008, domestic corn market prices have consistently been affected by the state reserve
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On December 2, 2015, the "National Wholesale Price Index for Agricultural Products" compared with yesterday
According to monitoring by the Ministry of Agriculture, on December 2 the National Wholesale Price Index for Agricultural Products was 202.89, up 1.20 points from yesterday, of which the Wholesale Price Index for "Shopping Basket" Products was 204.29, up 1.16 points from yesterday. As of 14:00 today, at the National Wholesale Market for Agricultural Products, pork
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On December 1, 2015, the "National Agricultural Products Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on December 1 the National Agricultural Products Wholesale Price Index was 201.69, down 0.28 points from yesterday, among which the "Vegetable Basket" Product Wholesale Price Index was 203.13, down 0.13 points from yesterday. As of 14:00 today, the national agricultural products wholesale market pig
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Temporary storage corn purchases significantly boost corn prices
The progress of temporary storage corn purchases has been very rapid, with an obvious effect on prices. At present, market prices in Heilongjiang and Inner Mongolia have already approached the temporary storage level, and parts of Jilin and Liaoning have already shown a premium over the temporary storage level. At present, price trends in Northeast China are basically led by temporary storage purchases. Because temporary storage purchases
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On December 7, 2015, the "National Agricultural Products Wholesale Price Index" compared with last week
According to monitoring by the Ministry of Agriculture, on December 7 the National Agricultural Products Wholesale Price Index was 201.48, down 1.02 points from last Friday, among which the "shopping basket" products wholesale price index was 202.66, down 1.17 points from last Friday. As of 14:00 today, the national agricultural products wholesale market
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Grain policy urgently needs adjustment to solve the "suspended river" price problem
Data from the National Bureau of Statistics on the 8th showed that China's total grain output in 2015 reached 621.435 million tons (124.287 billion jin), an increase of 14.408 million tons (2.882 billion jin) over 2014, or 2.4%. This was the twelfth consecutive year of national grain harvest since 2004. Twelve consecutive
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One of three conjectures on how the state reserve affects wheat prices
Recently, under the influence of two factors - weakened demand caused by a lower operating rate at flour milling enterprises and the gradual decrease in the amount of wheat circulating in the market - domestic wheat prices have entered a period of stability. As is well known, a stable period is the most difficult trading period, because at this stage
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On December 21, 2015, the "National Agricultural Products Wholesale Price Index" compared with last week
According to monitoring by the Ministry of Agriculture, on December 21 the National Agricultural Products Wholesale Price Index was 202.53, down 0.15 points from last Friday, among which the "vegetable basket" product wholesale price index was 203.68, down 0.15 points from last Friday. As of 14:00 today, the national agricultural products wholesale market
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