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After New Early Rice Hits the Market, Purchasing Turns Cautious: Industry Views and Analysis
New Early Rice Hits the Market, Purchasing Shows Caution. At present, the new-season early indica rice in the south has fully hit the market, and the purchase price of 2015-produced national standard third-grade early indica rice is currently below the 2015 domestic minimum protective price for early indica rice. Purchasing entities are mainly grain depots, while small and medium-sized processing enterprises, due to the rather serious "strong rice, weak milled rice" phenomenon, are relatively cautious about entering the market to purchase, generally focusing on purchasing high-quality early indica rice, mainly to meet their own processing volume before the new-season middle indica rice hits the market. As new-season early indica rice hits the market and new-season middle indica rice is about to hit the market, the already loose supply of raw grain in the market becomes even looser, and with various entities busy purchasing new grain, the auction market transactions appear somewhat sluggish.
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