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Special inspection of summer grain procurement launched; behavior of downgrading quality and suppressing prices will be severely punished
The 2015 summer grain procurement work has been fully launched. In order to ensure the smooth progress of summer grain procurement, the State Administration of Grain recently organized a special supervision and inspection of summer grain procurement. A reporter learned from the State Administration of Grain on the 29th that this special inspection focuses on five aspects: First,
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New wheat procurement progress is slow, prices are low
The current domestic new wheat procurement market shows a "slow volume, low price" pattern. Under a high-inventory pattern, the support from policy-based procurement has weakened noticeably, and the effect of policy-based procurement squeezing the market is unlikely to appear. The extended procurement period has flattened the wheat price trend. Wheat prices may overall be in a lukewarm trend, and
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Domestic japonica rice procurement progress accelerates year-on-year, prices overall stable with a slightly stronger bias
In early to mid-November, the harvest of the new-season japonica rice in Northeast China was basically completed, and japonica rice in Jiangsu and Anhui had also entered the final stage. Affected by weather, the quality of rice in Northeast China this year declined somewhat compared with last year. At the same time, boosted by policy-based procurement, various grain enterprises increased their market purchases,
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It Is Hard to Sustain the Continuous Increase of Domestic Grain Procurement Prices, and the Processing Industry Is Barely Alive
The agricultural products market is now very bad. Cargill, the world's largest grain trader, has been reported to be laying off workers. This report, which Cargill has already denied, said that due to the agricultural economic downturn, Cargill may lay off as many as 4000 people, about 2.5% of its total workforce. Cargill
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