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Heavy rain causes 150 million yuan in agricultural losses; Council of Agriculture closely monitors fruit and vegetable price fluctuations
The Council of Agriculture stated that agricultural losses from the heavy rain have reached NT$150 million, with melons and leafy vegetables particularly affected in Yunlin County, Tainan and Pingtung areas. It will assist county and city governments with agricultural loss procedures and guard against fruit and vegetable price fluctuations. The Ministry of Economic Affairs today held the central flood
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Cotton price reform opens up space for futures market innovation, price fluctuations will become the norm
The most core effect released by the cotton target price reform pilot is that the market mechanism is gradually playing a decisive role in cotton price formation. Zhang Fan, chairman of the Zhengzhou Commodity Exchange, said this at the recently held 2014 Zhengzhou Agricultural Products (Cotton) Futures Forum. He introduced
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Purchasing Enters Final Stage, Late-Season Mid-to-Late Indica Rice Fluctuates Narrowly
Currently, mid-to-late indica rice purchasing in the main producing areas has entered its final stage. Supported by the minimum purchase price policy, mid-to-late indica rice purchase prices in the main producing areas remain relatively firm. Policy-based purchasing entities maintain purchase prices at 1.38 yuan/jin, while other purchasing entities offer slightly lower prices. Because
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Fluctuations of the National Agricultural Wholesale Price Index on January 6, 2015
According to monitoring by the Ministry of Agriculture, on January 6 the National Agricultural Wholesale Price Index was 207.35, down 0.62 points from yesterday, of which the "Vegetable Basket" Product Wholesale Price Index was 209.56, down 0.77 points from yesterday. As of 14:00 today, at the national agricultural wholesale market, pork
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Conditions for Making Potatoes a Staple Food Are Ripe, but Concerns Over Price Fluctuations Remain
At a seminar recently held by the Chinese Academy of Agricultural Sciences, advancing potatoes to become China's fourth-largest staple food crop was publicly proposed from a national strategic perspective for the first time, and it has also become a focus of heated public discussion in recent days. As of January 10, on Sina Weibo alone, views of the topic "potatoes become a staple food" had
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Glyphosate market prices are about to see major fluctuations
With the introduction of the new Environmental Protection Law, the pesticide market is quietly undergoing changes, and the pesticide prices of many products have also been affected. For some time previously, pesticide prices had remained in a sluggish state, and recently they have gradually been recovering. Last week, domestic glyphosate technical material transaction prices really did rise
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Why is circular livestock farming beneficial for avoiding industrial fluctuation risks?
According to reports from Sichuan media, in order to achieve large-scale livestock farming, in 2013 Lezhi County of that province built the Shengmeiyuan Modern Livestock Farming Science and Technology Demonstration Park in Longmen Township, with automated and semi-automated facilities for feeding, temperature control, underfloor heating, watering and monitoring throughout the park, and the 14 completed
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Wheat prices may remain fluctuating around the floor purchase price for an extended period
Wheat prices may remain fluctuating around the floor purchase price for an extended period. Last week, new wheat began to come onto the market, and Jiangsu, Anhui and Hubei launched floor purchase. The old wheat market saw light buying and selling, and wheat prices continued to run weakly; flour prices in production areas were stable, while bran prices were stable with a slight decline. At present, domestic policy grain source inventories are high, and insufficient demand from grain-using enterprises plus too-high auction reserve prices have led to slow digestion of policy inventories, making regional warehouse capacity conflicts prominent. This will directly affect the floor purchase intensity for wheat in major production areas, greatly reducing the squeezing effect on circulating grain sources in the wheat market, and the price-lifting effect of policy purchases on wheat prices may be significantly lengthened by the purchase cycle, causing wheat prices to run around the floor purchase price for a relatively long time.</p> <p> <strong>US soybean futures prices are expected to continue fluctuating downward</strong> Last week, the port distribution price of imported soybeans continued to fall. Affected by the decline in international soybean prices, the cost of imported soybeans decreased, while demand for downstream products such as soybean meal and soybean oil did not recover noticeably, so the port distribution price of imported soybeans continued weak. The aftereffects of a global soybean bumper crop remain, US soybean planting progress is stable, and El Nino weather is also favorable for US soybean growth, making weather speculation difficult for the time being. The recent sharp rise in the US dollar exchange rate has also put downward pressure on CBOT soybean futures prices, and CBOT soybean futures prices are expected to continue fluctuating downward.</p> <p> </p>
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Supply remains the key factor determining price fluctuations at the current stage
At present, the scale of China's domestic breeding industry has shrunk significantly, with both the hog inventory and the inventory of breeding sows continuing to decline. Although the recovery in hog prices has to some extent halted the culling process, under the pressure of environmental protection policies, the elimination contest is still ongoing. Hog
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Will meat price fluctuations affect monetary policy?
Recently, the prices of pork and other foods have risen relatively quickly. Some believe that rising meat prices will drive inflation back up and will constrain the room for monetary easing in the future. In response, a relevant official of the central bank said that prices are currently at a low level, and compared with the same period last year,
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