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China's summer grain state reserve purchase volume fell 23% year-on-year this year
Since Sinograin launched the wheat state reserve purchase in Jiangsu, Hubei, Anhui, Henan and Shandong at the end of May, and launched the early indica rice state reserve purchase in Anhui, Jiangxi, Hunan and Hubei at the end of July, the purchase work has been steady and orderly, and has now entered its final stage. As of September 10, Sino
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Why the Temporary Corn Procurement Price Can No Longer Be Temporary
Domestic temporary procurement price rises while international market prices fall. The temporary corn procurement policy has reached its eighth year, and the news farmers received is that the temporary procurement price has been lowered from 1.12 yuan per jin to 1 yuan per jin - the first cut in eight years. In Inner Mongolia, the large-scale corn grower Wang Wuhou seemed to have been mentally prepared long ago:
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This year's corn procurement and storage price is cut by 220 to 260 yuan per tonne
More purchasing entities, and a longer period than in previous years Last weekend, the National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance and other departments jointly issued the "Notice on Issues Concerning the National Temporary Storage and Purchase of Corn in Northeast China in 2015" (hereinafter referred to as the Notice). The Notice states that, with the approval of the State Council, this year the state will continue to implement the temporary corn storage and purchase policy in the three northeastern provinces and the Inner Mongolia Autonomous Region.
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2015 summer grain minimum-price purchase volume down 25% year on year
A reporter learned on September 2 from Sinograin (China Grain Reserves Corporation) that, in accordance with the provisions of the national minimum purchase price implementation plan, Sinograin launched the wheat minimum-price purchase at the end of May in Jiangsu, Hubei, Anhui, Henan and Shandong, and launched the early indica rice minimum-price purchase at the end of July in Anhui, Jiangxi, Hunan and Hubei.
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The consumption rate of circulating grain sources in the wheat market determines the scope for trade and procurement
At present, the low-price, low-volume procurement of new wheat in the main producing areas has created a strong buyer's market atmosphere, with effective supply relatively abundant, while the high price of state temporary storage wheat restricts its effective supply volume. As the quantity of new wheat grain sources in the circulation market gradually declines, the reduction in supply will affect its market price
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Minimum purchase price procurement of early indica rice launched first in Jiangxi and Hunan
On July 28, Hunan launched the early rice minimum purchase price execution plan throughout the province, marking the fifth time in three consecutive years that Hunan has activated the minimum purchase price plan. As market prices have remained sluggish, in order to protect the interests of grain farmers, the relevant national authorities decided to launch
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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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Progress of wheat and rapeseed procurement in main producing areas as of July 25
According to statistics, as of July 25, various grain enterprises in 9 main producing areas including Henan and Jiangsu had purchased 44.92 million tons of newly harvested wheat, a decrease of 14.43 million tons compared with the same period of the previous year. Various grain enterprises in 9 main producing areas including Sichuan and Hubei had purchased 900,000 tons of newly harvested rapeseed, a decrease of
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Wheat minimum-price purchase warehouse capacity reaches 29.22 million tons this year
On July 23, a relevant person in charge of Sinograin told reporters that this year 4,011 wheat minimum-price purchase storage points have been prepared, with a warehouse capacity of 29.22 million tons, fully sufficient to meet procurement needs. At present, the organized wheat minimum-price purchase is proceeding in an orderly and smooth manner. As of July 20, 1
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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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