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Global bumper harvest crushes grain prices: China's 11 consecutive years of increases meet a historic US harvest
The crop harvest season is approaching, and China is expected to see an 11th consecutive year of grain harvests. But according to an analysis by The Wall Street Journal, the government's long-standing purchasing policy has severely distorted grain prices, with corn prices even reaching 3 times the international price, and the bumper harvest is instead creating more problems
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On August 28, 2014, the "National Agricultural Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on August 28 the National Agricultural Wholesale Price Index was 210.40, up 0.20 points from yesterday, among which the "Vegetable Basket" Product Wholesale Price Index was 213.12, up 0.09 points from yesterday. As of 14:00 today, the national agricultural wholesale market pork
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China's 11th consecutive year of grain increase combined with a bumper harvest in the US puts global grain prices under pressure
The harvest season is about to arrive, and China is expected to see an 11th consecutive year of bumper grain harvests. But according to an analysis by The Wall Street Journal, years of official purchasing policy have severely distorted grain prices, with corn prices even reaching 3 times the international price, and a bumper harvest actually creates more problems.
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September 2, 2014 "National Agricultural Wholesale Price Index" compared with yesterday
According to monitoring by the Ministry of Agriculture, on September 2 the National Agricultural Wholesale Price Index was 208.32, down 0.29 points from yesterday, of which the "Vegetable Basket" Product Wholesale Price Index was 210.66, down 0.32 points from yesterday. As of 14:00 today, the average wholesale price of pork at national agricultural wholesale markets
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Rising Risk of Corn Price Pullback, Tight Supply of High-Quality Grain May Ease
Since June and July, corn futures prices have risen sharply, driven by drought weather and tight supply of high-quality grain, with the near-month 1409 contract showing the most pronounced trend. In the short two months to the end of August, corn 1409 rose about 14.58%, and 1501 rose about 4.35%. The earlier rapid
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Machine-transplanted early rice yields a bumper harvest, with strong momentum for mechanization promotion
Despite being affected by prolonged continuous low temperatures, overcast and rainy weather, and insufficient sunlight, the machine-transplanted early rice at Datonghu Farm of Hunan State Farms still achieved a bumper harvest. Expert inspection data show that the average yield of machine-transplanted early rice in the area was 532.8 kg per mu. At the same time, more than 110,000 mu of machine-transplanted early rice in the area
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Cotton Price Reform Pilot Advances: NDRC Has Launched Monitoring Work
According to the NDRC, in accordance with the deployment of the State Council, the Xinjiang cotton target price reform pilot was launched in 2014. With the approval of the State Council, the 2014 cotton target price has been announced at 19,800 yuan per ton; the "Cotton Target Price Reform Pilot Plan" has been issued to the pilot areas; the "New
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Hybrid rice development is stalled: how can it be saved?
Data show that in recent years the downward trend in hybrid rice varieties has been very pronounced. The number of varieties with an annual promotion area of more than 1 million mu rose from 46 in 2002 to a peak of 59 in 2004, then declined year by year to 29 in 2012; the number of varieties with an annual promotion area of more than 5 million mu fell from about 9 in the early period to 1 per year at present; since 2007, no variety with more than 10 million mu has appeared. The average annual promotion area of a single main hybrid rice variety fell sharply from 2.133 million mu in 1993 to 374,000 mu in 2012, a drop of 82.5%.
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National Agricultural Wholesale Price Index rises and falls on September 4, 2014
According to monitoring by the Ministry of Agriculture, on September 4 the National Agricultural Wholesale Price Index was 207.78, down 0.56 points from yesterday, of which the "Vegetable Basket" Product Wholesale Price Index was 210.12, down 0.62 points from yesterday. As of 14:00 today, the average wholesale price of pork in national agricultural wholesale markets
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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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