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Steady grain production, increased income, improved quality and efficiency must be market-oriented
In 2014, China's agricultural product supply was generally adequate. Under effective state regulation, grain prices rose slightly while remaining stable, cotton, oilseeds and sugar continued to fall, and fresh agricultural products fluctuated seasonally. Against the backdrop of continued declines in international bulk agricultural product prices, domestic
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Agricultural modernization must be achieved through innovation-driven development.
Agricultural modernization must develop in step with new urbanization. The meeting pointed out that the radiating and driving role of new urbanization on agricultural modernization must be brought into full play. To break the urban-rural dual structure and promote integrated urban-rural development, factors must flow freely between urban and rural areas, and public resources must be allocated in a balanced way between them.
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Why is the construction of new-type urbanization inseparable from innovation-driven development?
Urbanization is an important way to narrow the poverty gap and also an important way to stimulate domestic demand. At the "Innovation-Driven New-Type Urbanization" sub-forum of the China Development Forum 2015 Economic Summit, participants generally agreed that in advancing urbanization, China must have innovation and follow a path of innovation-driven new-type urbanization.
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Policy-driven grain procurement, storage and sales in the spotlight
Reporters learned on the 28th from the National Grain Administration that the National Development and Reform Commission, the National Grain Administration, the Ministry of Finance, the Agricultural Development Bank of China and other departments recently launched the 2015 joint departmental spot inspection of the nationwide grain inventory check. The various spot inspection working groups set out for the relevant provinces on the 26th.
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Soybean meal market faces pullback pressure after weather-driven speculation
Over the past two months, soybean meal futures contracts have seen a sharp decline followed by a rapid rebound, and the current price is already close to the high at the start of the decline. Does this mean the soybean meal market has already reversed? First, let us analyze the reasons for the earlier decline in soybean meal: First, sluggish domestic demand for soybean meal led to price declines. Weak demand in the livestock and aquaculture industry constrained soybean meal consumption. China's hog inventory and breeding sow inventory fell sharply year on year; prices of meat, eggs and poultry were sluggish, and farming losses were severe; demand in aquaculture slowed, constraining demand for protein meal. Second, soybean meal supply increased substantially, spot prices fell sharply, some basis contracts faced default risk, and selling off occurred.</P><P> Now let us look at the reasons for the rapid rise in soybean meal. The author believes that the rise in soybean meal came partly from a return of prices after the earlier excessive decline; on the other hand, it came from speculation driven by heavy rain in the main U.S. soybean producing areas, which caused market concern about U.S. soybean planted area and good-to-excellent ratings. The planted area data and weekly soybean good-to-excellent ratings data released by the U.S. Department of Agriculture on June 30 both confirmed the market's concerns about U.S. soybean planting. These data will, in the short term, still support U.S. soybean futures in maintaining high-level oscillation, which will substantially raise the cost of China's imported soybeans, forcing crushing plants to passively raise the prices of soybean meal and soybean oil.</P><P> But in the short term, speculation over the impact of severe weather on planting may cool somewhat, and the loose fundamentals will bring great pressure on soybean meal prices.</P><P> From the perspective of soybean meal supply, global soybean supply is ample. After U.S. soybeans hit a record high last year, soybean output in Argentina and Brazil also hit record highs, which will suppress legume prices over the medium and long term. Domestically, China's soybean imports in June may reach 8.53 million tons and in July reach 8 million tons, so soybean sources are very abundant; at present, the operating rate of domestic crushing plants remains at an extremely high level of about 54%, and soybean meal supply has recently remained high. The volume of domestic rapeseed meal and imported DDGS remains high, suppressing plant protein prices.</P><P> On the demand side, although the hog farming industry currently shows restocking demand, truly driving soybean meal consumption may still require waiting for hog inventory data to stop falling and rebound before it can be confirmed. The meat, egg and poultry farming industry remains sluggish. Due to oversupply, prices of meat poultry and eggs fell sharply earlier, severely dampening the enthusiasm of farming enterprises to restock. In aquaculture, because oversupply last year led to sharp price declines, pond stock levels in the south are relatively high this year, constraining the release of fry. Recently, rainfall has been excessive, feed placement in ponds has decreased, which is bearish for meal consumption. Later, as large quantities of stocked fish are sold, demand for protein meal from newly released fry may decline substantially, so demand for protein meal from aquaculture later is also worrying.</P><P> Based on the information on both supply and demand, the author believes that soybean meal supply and demand will remain loose, and after the bullish U.S. heavy rain weather factor is fully priced in, soybean meal prices will return to fundamentals in the short term, with the possibility of oscillating pullbacks.</P></p>
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Domestic wheat market set to return to a policy-driven market, industry views interpreted
Currently, less than one month remains until the end of the wheat minimum purchase price policy in the main producing areas. With the market purchase price of new wheat below the minimum purchase price, the volume of wheat purchased under the minimum purchase price policy will still increase steadily, and the quantity of low-priced grain available for circulation will further decrease. Later, as
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Policy-driven purchase of autumn grain is in full swing
According to the notice issued by the National Development and Reform Commission and 3 other ministries and commissions, Sinograin, as the entity entrusted by the state to implement the temporary corn purchase and storage policy, together with relevant parties, will launch the temporary purchase and storage of 2015 corn in Northeast China (including Heilongjiang, Jilin and Liaoning provinces and the Inner Mongolia Autonomous
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Innovation-driven development must be upheld in the circulation of agricultural products
In the field of agricultural product circulation in our country, it is not only related to the livelihood security and food safety of urban residents, but also involves the income growth of hundreds of millions of farmers. Its innovation-driven development needs to attract widespread attention from society. 1. Innovating the thinking and behavior of China's agricultural product circulation
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Grain industry gathers to discuss innovation-driven agricultural development
Recently, under the guidance of the Development Research Center of the State Council and jointly hosted by the Rural Economy Research Department of the Development Research Center of the State Council and the China Economic Yearbook Press, the 2015 (Third) China Grain and Food Safety Strategy Summit was held in Beijing. With agricultural development mode
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