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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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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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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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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 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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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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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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Farmers May See a Wave of Concentrated Grain Sales, Purchase Volume Expected to Grow
As this year's wheat harvest is already assured and supply is abundant, although some major producing provinces have introduced relevant subsidy policies to promote wheat purchases, such as Henan Province recently allocating 15 million yuan in fixed subsidies to cities and counties with excessive imperfect grains, the grain sources in farmers' hands and circulating in the market remain
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Policy to Integrate Rural Primary, Secondary and Tertiary Industries Expected in Second Half
Stirrings of a Policy to Integrate Rural Primary, Secondary and Tertiary Industries ⊙Reporter Yu Xiangming A new policy to promote the integrated development of rural primary, secondary and tertiary industries is about to emerge. The Shanghai Securities News reporter learned from authoritative channels that, as a key task deployed at this year's Central Rural Work Conference, relevant parties
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2016 wheat minimum purchase price remains unchanged, wheat prices expected to stop falling
The reporter recently learned from the National Development and Reform Commission that in order to protect farmers' interests and prevent "cheap grain hurting farmers," the government will continue to implement the minimum purchase price policy in major wheat-producing areas in 2016. Taking into comprehensive consideration factors including grain production costs, market supply and demand, domestic and international market prices, and the development of the grain industry
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