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After eight consecutive years of minimum purchase price increases for wheat, grain traders bet wrong this year
The National Development and Reform Commission recently announced that the 2015 minimum purchase price for wheat is 118 yuan per 50 kg (1.18 yuan per jin), unchanged from the 2014 level. As soon as the news was announced, grain traders who had stockpiled wheat at high prices in the hope of selling for a good price were stunned. One industry insider
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Growing japonica rice with more confidence, where does our confidence come from?
"Old Li, for the one-season late japonica Yongyou 12, the 1000-grain weight is more than 23 grams, right?" At the "Hunan Province New Japonica Rice Variety Field Observation Meeting" held on October 14, Liu Nianxi, member of the Party Leadership Group of the Hunan Provincial Agricultural Commission and chief agronomist, casually pulled up a rice ear, weighed the grains in his hand, and shouted to
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Record Soybean Harvest Fails to Reverse Declining Legume Prices
An extra harvest of three to five dou was originally a sight that delighted farmers, but in a year of abundant production it became the straw that bent agricultural prices downward. In the golden autumn season, a spell of rainy weather during the soybean harvest on the other side of the ocean brought a small rebound in domestic and international soybean futures and soybean oil futures.
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Cotton price reform opens up space for futures market innovation, price fluctuations will become the norm
The most core effect released by the cotton target price reform pilot is that the market mechanism is gradually playing a decisive role in cotton price formation. Zhang Fan, chairman of the Zhengzhou Commodity Exchange, said this at the recently held 2014 Zhengzhou Agricultural Products (Cotton) Futures Forum. He introduced
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On October 22, 2014, the "National Agricultural Products Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on October 22 the National Agricultural Products Wholesale Price Index was 199.24, down 0.22 points from yesterday, among which the "Vegetable Basket" Products Wholesale Price Index was 199.88, down 0.21 points from yesterday. As of 14:00 today, the national agricultural products wholesale market pig
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On October 23, 2014, the "National Agricultural Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on October 23 the National Agricultural Wholesale Price Index was 198.95, down 0.29 points from yesterday, among which the "Vegetable Basket" Product Wholesale Price Index was 199.57, down 0.31 points from yesterday. As of 14:00 today, at national agricultural wholesale markets, pig
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Low prices are only the surface; overcapacity is the main cause
In recent years, although wheat prices have risen slowly, they remain strong compared with processed flour, giving rise to the phenomenon of "strong wheat, weak flour." A reporter recently learned from an investigation of several flour processing enterprises in Henan Province that the problem of overcapacity is prominent, and overall poor profitability has become
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On October 28, 2014, the "National Agricultural Product Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on October 28 the National Agricultural Product Wholesale Price Index was 196.57, up 0.08 points from yesterday, among which the "Vegetable Basket" Product Wholesale Price Index was 196.63, up 0.12 points from yesterday. As of 14:00 today, the national agricultural product wholesale market pork
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Why can't the target price system for agricultural products replace the temporary storage system?
This year's No. 1 document of the CPC Central Committee proposed gradually establishing a target price system for agricultural products, which is of great significance. Establishing a target price system for agricultural products requires reforming the minimum purchase price system for grain and the temporary storage system for important agricultural products, but this does not mean that the minimum purchase price system for grain and the temporary storage system for important agricultural products should be completely abolished in the future.
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Hybrid corn inventory backlog eases somewhat, hybrid rice remains in surplus
On October 23-24, the National Agricultural Technology Extension Service Center held the 2014 National Autumn Regular Meeting on the Production, Supply and Demand Situation Analysis of Major Crop Seeds in Tianjin. The meeting analyzed the production of seeds of major crops including corn, rice, wheat, rapeseed, cotton and soybean in 2014 and
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