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China's modern logistics system for Chinese medicinal materials is expected to be completed by 2020
At the beginning of this year, the General Office of the Ministry of Commerce issued the "Notice on Guiding Opinions on Accelerating the Construction of a Modern Logistics System for Chinese Medicinal Materials," proposing that by 2020, a modern logistics system for Chinese medicinal materials integrating harvesting, origin processing, packaging, warehousing and transportation should be initially formed
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The total national wheat output in 2015 is expected to be about 231 billion jin
In 2015 the state continued to implement the minimum purchase price policy for wheat in the main producing areas, which helped stabilize farmers' expectations for grain-growing income, but affected by constraints on arable land and water resources, the progress of land transfer, and economic development and construction, the wheat sown area in some main producing areas showed a slight downward trend
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Domestic japonica rice prices are expected to remain high
Currently, domestic rice processing enterprises basically purchase rice from grain depots and trading markets, and mainly policy-oriented rice. Since policy-oriented rice must follow the principle of price-matching sales, the transaction floor price is relatively stable. Meanwhile, the domestic rice market is in the off-season for market consumption, and many processing enterprises reduce rice market supply by suspending production for maintenance, in order to support rice prices in remaining relatively stable. Overall, in the short term there will be few changes in the domestic supply and demand environment, and japonica rice prices will remain stable.
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Nationwide summer grain harvest exceeds 90 percent, output expected to hit a new high
The wheat has all been harvested. Xu Zongxiang, the "Wheat King" of Taihe County, Fuyang City, Anhui Province, is busy with field management, preparing to reap an even bigger autumn grain harvest on top of the summer grain bumper crop. According to the Ministry of Agriculture's crop monitoring and actual harvest results from various regions, the nationwide summer grain harvest has now passed 90 percent, a bumper harvest is a foregone conclusion, and the summer grain output is expected to hit a new high. With the global wheat production situation hardly encouraging this year, China's wheat production has bucked the trend, and achieving a "12th consecutive bumper harvest" is now a foregone conclusion. This is of great significance, powerfully boosting confidence in securing a bumper harvest for the whole year and laying a good foundation for increasing annual grain output.
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Domestic rapeseed oil supply is expected to increase in the later period
The adjustment of China's domestic rapeseed purchase policy has a diversified impact on the market. After the cancellation of the temporary state reserve rapeseed purchase policy, the market supply of domestic rapeseed oil will increase relatively, the price gap between rapeseed oil and soybean oil will continue to remain at a low level, and domestic rapeseed oil consumption will also continue
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Oils and fats market expected to see a wave-like upward trend in the future
After rebounding from a year-to-date low last week, the three major domestic oils and fats varieties as a whole remained in a choppy consolidation this week (July 13-19, 2015). On the 16th, soybean oil, palm oil and rapeseed oil futures varieties fell collectively once again. The main 1601 contracts of soybean oil, palm oil and rapeseed oil futures all opened lower and moved lower, closing down 1.08%, 1.54% and 0.79% respectively at the end of the session.
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China's soybean imports in the third quarter are expected to reach a massive volume
Oil World: China's soybean imports in July this year could reach as high as 9.5 million tonnes. According to the Hamburg, Germany-based industry publication Oil World, China's soybean imports in July 2015 could reach 9.2 million to 9.5 million tonnes. By comparison, statistics released by the General Administration of Customs of China early this week
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What new expectations are there for agricultural machinery purchase subsidies?
Recently, during grassroots research, many farmers said that the agricultural machinery purchase subsidy policy is very good, and at the same time hoped that relevant departments could increase policy and mechanism innovation to make this good policy more effective. First hope: the state, province, city, and county (district) publish agricultural machinery purchase subsidies
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Severe Loss of Traditional Chinese Medicinal Material Resources: First-Ever Plan Expected to Solve the Problem
Not long ago, the "Plan for the Protection and Development of Chinese Medicinal Materials (2015-2020)" (hereinafter referred to as the "Plan") was released, proposing that Chinese medicinal materials are a unique and strategically significant precious resource of China, and that it is necessary to adhere to the combination of market leadership with government guidance, the combination of resource protection with industrial development, and the combination of increasing output with improving quality.
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Japonica rice market prices are expected to run steadily
Japonica rice market prices will run steadily. Affected by gradually rising temperatures and the plum rain season in the south, terminal consumer demand in the rice market has declined somewhat, and off-season characteristics are clearly evident, so processing enterprises will see even slower sales progress. Under the influence of regulatory policies, ample supply, and relatively stable demand, the domestic japonica rice market will show a steady trend, with little possibility of large fluctuations.
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