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Agricultural insurance completes upgrade, premiums in first 10 months already exceed last year's total
On November 13, the person in charge of the China Insurance Regulatory Commission disclosed at a press conference on the operation of agricultural insurance that the upgrade and transformation of central-finance premium-subsidized agricultural insurance products nationwide has now been completed. From January to October this year, agricultural insurance premium income reached 33.633 billion yuan, exceeding last year's total for the whole year
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After a gap of 3 and a half months, fishing has reopened in the Yellow Sea and East China Sea
At 12:00 on September 16, after a 3-and-a-half-month fishing moratorium, fishing fully reopened in the Yellow Sea and East China Sea of China. This marks the complete end of this year's summer fishing moratorium in China. This year is also the 20th anniversary of the implementation of China's summer fishing moratorium system. How effective has this system been? How can we, while protecting the ecological environment, achieve the sustainable development of fisheries and increase fishermen's incomes?
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Why the Northern Wheat Purchasing Peak Is Slow to Appear
The 4-month concentrated wheat purchasing period has quietly passed its halfway point. Since the 2015 summer harvest, the buying and selling of new wheat has been less active than in previous years, and market conditions appear weaker year on year. Good wheat prices have stabilized, while low-quality wheat is cheap and hard to sell. Since mid-July, the heat in the new wheat purchase and sale market in the main producing areas has
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Soybean meal market faces pullback pressure after weather-driven speculation
Over the past two months, soybean meal futures contracts have seen a sharp decline followed by a rapid rebound, and the current price is already close to the high at the start of the decline. Does this mean the soybean meal market has already reversed? First, let us analyze the reasons for the earlier decline in soybean meal: First, sluggish domestic demand for soybean meal led to price declines. Weak demand in the livestock and aquaculture industry constrained soybean meal consumption. China's hog inventory and breeding sow inventory fell sharply year on year; prices of meat, eggs and poultry were sluggish, and farming losses were severe; demand in aquaculture slowed, constraining demand for protein meal. Second, soybean meal supply increased substantially, spot prices fell sharply, some basis contracts faced default risk, and selling off occurred.</P><P> Now let us look at the reasons for the rapid rise in soybean meal. The author believes that the rise in soybean meal came partly from a return of prices after the earlier excessive decline; on the other hand, it came from speculation driven by heavy rain in the main U.S. soybean producing areas, which caused market concern about U.S. soybean planted area and good-to-excellent ratings. The planted area data and weekly soybean good-to-excellent ratings data released by the U.S. Department of Agriculture on June 30 both confirmed the market's concerns about U.S. soybean planting. These data will, in the short term, still support U.S. soybean futures in maintaining high-level oscillation, which will substantially raise the cost of China's imported soybeans, forcing crushing plants to passively raise the prices of soybean meal and soybean oil.</P><P> But in the short term, speculation over the impact of severe weather on planting may cool somewhat, and the loose fundamentals will bring great pressure on soybean meal prices.</P><P> From the perspective of soybean meal supply, global soybean supply is ample. After U.S. soybeans hit a record high last year, soybean output in Argentina and Brazil also hit record highs, which will suppress legume prices over the medium and long term. Domestically, China's soybean imports in June may reach 8.53 million tons and in July reach 8 million tons, so soybean sources are very abundant; at present, the operating rate of domestic crushing plants remains at an extremely high level of about 54%, and soybean meal supply has recently remained high. The volume of domestic rapeseed meal and imported DDGS remains high, suppressing plant protein prices.</P><P> On the demand side, although the hog farming industry currently shows restocking demand, truly driving soybean meal consumption may still require waiting for hog inventory data to stop falling and rebound before it can be confirmed. The meat, egg and poultry farming industry remains sluggish. Due to oversupply, prices of meat poultry and eggs fell sharply earlier, severely dampening the enthusiasm of farming enterprises to restock. In aquaculture, because oversupply last year led to sharp price declines, pond stock levels in the south are relatively high this year, constraining the release of fry. Recently, rainfall has been excessive, feed placement in ponds has decreased, which is bearish for meal consumption. Later, as large quantities of stocked fish are sold, demand for protein meal from newly released fry may decline substantially, so demand for protein meal from aquaculture later is also worrying.</P><P> Based on the information on both supply and demand, the author believes that soybean meal supply and demand will remain loose, and after the bullish U.S. heavy rain weather factor is fully priced in, soybean meal prices will return to fundamentals in the short term, with the possibility of oscillating pullbacks.</P></p>
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Large quantities of imported soybeans will arrive in China in the coming months
Analysts say China's soybean imports will rise further in the coming months, mainly because South American soybeans ordered earlier are arriving, which may put pressure on crushing margins. Data released by the General Administration of Customs show that soybean imports in May this year reached 6.13 million
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Soybean oil imports in the first ten months up 21.53% year-on-year
Soybean oil imports in the first ten months up 21.53% year-on-year. According to the General Administration of Customs, in October China imported 95,900 tonnes of soybean oil, down 3.82% year-on-year; cumulative imports from January to October reached 1,084,500 tonnes, up 21.53% year-on-year. In October China imported 60,700 tonnes of rapeseed oil, down 27.22% year-on-year; from January to October
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When Is the Cyclamen Dormant Period? Watering and Seed Harvesting Methods
I really love the flower shape of cyclamen and its habit of blooming continuously for several months. It also attracts hummingbirds to come for nectar! The care methods for cyclamen are also very simple, making it a plant worth growing!
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Key Points of Toona sinensis Cultivation Techniques and Introduction to the Best Months to Eat It
Toona sinensis is a plant with a distinctive odor, generally more common in rural areas, and rich in certain nutrients. As people's pursuit of these wild delicacies grows, Toona sinensis is also sold in the market, and the price is not very expensive. Let's take a look below at the key points of Toona sinensis cultivation techniques
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How to Grow Plum Seeds as a Small Potted Plant? A Detailed Guide to the Planting Method
Plum fruits ripen between July and August, plump and round, delicate and translucent, beautiful in form, and sweet in taste, making them one of people's favorite fruits. So, after eating a plum, how do you grow plum seeds as a small potted plant? 1. How to Grow Plum Seeds as a Small Potted Plant? Select ripe, plump
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When Do Morning Glories Bloom? A Detailed Guide to Planting Methods
Morning glory is what we call the trumpet flower, because its shape resembles a brightly colored little trumpet. Morning glories come in a wide range of colors, and common varieties include the round-leaf morning glory, the large-flowered morning glory, and the lobed-leaf morning glory. They have a certain ornamental value and are grown in many places in our country.
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