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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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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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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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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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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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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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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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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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Accelerate the development of the agricultural product circulation system and innovate agricultural marketing models
Report from our newspaper (reporter Zhong Xin) On November 8, during the 13th China International Agricultural Trade Fair, the Ministry of Agriculture held the first National Conference of Agricultural Product Dealers, focusing on innovating agricultural marketing services, accelerating the development of a team of trustworthy dealers and benefit-farmers brokers, and fully
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Selling Grain Once Requires a 500-Yuan Kickback, Grain Production and Marketing Trapped in a Dilemma
Xinhua News Agency, Zhengzhou, Nov. 12 (Reporter Zhang Xingjun) A reporter's continuous tracking interviews along Henan and other places found that from the start of summer grain purchasing to the concentrated listing of autumn grain, due to consecutive years of bumper grain harvests, the continuous one-way rise in the minimum purchase price, and high state-owned inventories, the phenomenon of difficulty in selling grain has begun to emerge
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