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Soybean procurement progress in main producing areas as of April 30 is far below the same period last year
According to statistics, as of April 30, grain enterprises of various types in 14 main mid-to-late indica rice producing areas including Hubei and Anhui had purchased a cumulative total of 28.21 million tons of newly harvested mid-to-late indica rice, a decrease of 1.52 million tons from the same period the previous year; grain enterprises of various types in 7 main japonica rice producing areas including Heilongjiang and Jiangsu had purchased a cumulative total of newly harvested
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Policy-driven grain procurement, storage and sales in the spotlight
Reporters learned on the 28th from the National Grain Administration that the National Development and Reform Commission, the National Grain Administration, the Ministry of Finance, the Agricultural Development Bank of China and other departments recently launched the 2015 joint departmental spot inspection of the nationwide grain inventory check. The various spot inspection working groups set out for the relevant provinces on the 26th.
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Rapeseed procurement pace accelerates, price trend may dip first and then rise
Rapeseed prices have seen a sharp decline since May. On the one hand, new rapeseed gradually came onto the market after May, increasing concentrated supply; on the other hand, as the temporary purchase and storage policy for the new-year rapeseed became clear, rapeseed prices will gradually become market-oriented. Under these two factors
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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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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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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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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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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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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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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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