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Where will the corn market go after destocking?
As soon as the news came out that the temporary storage purchase price for corn produced in 2015 would be substantially lowered, the domestic corn market immediately entered a downward channel and fell into its most sluggish state in recent years. In this market, which has already been "policy-driven," the direction of policy dominates the trajectory of price movements. And from
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Agricultural product price reform requires proper coordination between the government and the market
Not long ago, the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting Price Mechanism Reform" was issued. The Opinions point out: the price mechanism, as the core of the market mechanism, plays a decisive and critical role in resource allocation. Price reform continues to advance and deepen
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New Round of Rural Reform Puts Collective Property Rights Reform First, Farmland Market Entry Postponed
The "Comprehensive Implementation Plan for Deepening Rural Reform" (hereinafter referred to as the "Plan") promulgated at the end of last month once again pushed a series of related rural contradictions and problems to the forefront of reform and development. In recent years, the Ministry of Agriculture, the Ministry of Land and Resources and other departments have successively introduced related farmland
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Why Are China's Grain Prices Higher Than the International Market? Chen Xiwen Says the Reasons Are Complex
On November 4, the State Council Information Office held a press conference, inviting Chen Xiwen, deputy head and director of the Office of the Central Leading Group for Rural Work, and Han Jun, deputy director of the Office of the Central Leading Group for Rural Work, to interpret the spirit of the Fifth Plenary Session of the 18th Central Committee and present the Comprehensive
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How are grain prices formed? Chen Xiwen: They should be close to the market while also taking farmers' returns into account
The formation of grain prices should stay close to the market while also taking into account farmers' lawful returns. This is a very important principle for the future formation of China's grain prices. At a press conference held today by the State Council Information Office, the Central Rural Work Leading Group
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Improving the agricultural product price formation mechanism helps enhance market competitiveness
The market competitiveness of China's agricultural products is not strong, which requires operating them by industrialized means; this can improve efficiency and thus make it possible to truly enhance the market competitiveness of agricultural products. At present, the overall direction of reform is to gradually reduce administrative intervention and let the market mechanism
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Prominent "Inverted" Grain Market Phenomenon: Agricultural Product Price Reform Needs Coordinated Advancement
The "inverted" phenomenon in China's grain market is prominent, agricultural product price subsidies are already close to the upper limit of the WTO Amber Box subsidy rules, and market-supporting procurement is becoming increasingly unsustainable. Adjusting grain procurement prices cannot simply mean reducing fiscal subsidies and directly requiring domestic bulk agricultural product prices to
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Ample Edible Oil Supply and Weak Demand Make Sustained Price Rallies Unlikely
Last week (October 19-23), influenced by the futures price trends of CBOT soybean oil and Bursa Malaysia palm oil, the domestic vegetable oil market showed wide-ranging fluctuations. As the current domestic vegetable oil supply is ample, the spot market has also entered the traditional off-season for demand after the holiday, and basis has declined somewhat. Last week
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The temporary corn storage policy in Northeast China must be implemented well, and enterprises should be encouraged to actively enter the market to purchase.
Since the beginning of this year, against the backdrop of ample domestic corn supply, weak industrial demand, and increased imports of substitutes, the domestic corn market has generally operated weakly, and in the second half of the year corn market prices have shown a continuous downward trend. On September 17, the state announced this year's corn
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No off-season in time, no blind spots in space for seed market regulation
Editor's Note: As law enforcement intensifies and special campaigns are carried out frequently, seed market inspection and rectification have no off-season in terms of time and no gaps in terms of space. In practice, many localities have also explored new models and new approaches based on their own characteristics, such as the joint inspection by the three regions of Beijing-Tianjin-Hebei, the county-level seed market order evaluation in Jiangsu, and the advance warning followed by swift and severe punishment in Zhangye. This issue's Market Scan presents to you the new elements in this autumn's seed market inspection campaign through the practices of various localities.
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