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Northeast Rice Purchases Recover, Market Shows Clear "High Quality, High Price" Trend
Supported by the approaching demand peak for New Year's Day and the Spring Festival, the purchase and sales atmosphere in the Northeast rice market recovered this week. Driven by group enterprises actively entering the market, Heilongjiang long-grain fragrant rice, Liaoning Liaoxing rice, and Jilin super rice showed upward price trends. However, due to strict deductions for moisture and impurities at purchase, round-grain
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Payments for Grain Purchases via UnionPay Card See Considerable Transaction Volume in Agricultural Product Procurement
Now we only need to swipe a card to collect and pay for grain. Enterprises have reduced the costs of cash withdrawal and transportation, and farmers have also enjoyed convenience and benefits. Gu Bingsong, chairman of Fangzheng Qiuran Rice Industry Company, told reporters. What he called card swiping refers to the UnionPay card
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Temporary storage corn purchases significantly boost corn prices
The progress of temporary storage corn purchases has been very rapid, with an obvious effect on prices. At present, market prices in Heilongjiang and Inner Mongolia have already approached the temporary storage level, and parts of Jilin and Liaoning have already shown a premium over the temporary storage level. At present, price trends in Northeast China are basically led by temporary storage purchases. Because temporary storage purchases
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Corn purchases in main producing areas reached 30.16 million tonnes as of November 25
According to statistics, as of November 25, various grain enterprises in the main producing areas had purchased a cumulative total of 64.38 million tonnes of middle- and late-season rice, corn and soybeans, an increase of 9.17 million tonnes over the same period last year. Various grain enterprises in 14 main producing areas including Hubei and Anhui had purchased a cumulative total of 16.22 million tonnes of newly harvested middle- and late-season indica rice, a year-on-year
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Tighter Temporary Corn Storage Purchases, Prices Unlikely to Keep Rising This Year
As one of the country's important grain crops, corn prices have fallen sharply and continuously since the start of this year, with corn futures dropping all the way from a high of 2400 yuan/ton at the beginning of the year to a low of 1788 yuan/ton, as short sellers kept adding positions and the open interest in corn futures contracts repeatedly hit new highs
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How are autumn grain purchases and grain storage safety guaranteed? The National Food Administration carries out inspections
In order to effectively carry out the 2015 autumn grain purchase and autumn safe grain storage work, the National Food Administration issued on September 30 the "Notice of the Office of the National Food Administration on Effectively Carrying Out the 2015 Autumn Grain Purchase and Autumn Safe Grain Storage Work and Conducting Special Inspections" (Guoliangdian [2
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State Administration of Grain: Preparations for autumn grain purchases basically complete
Reporters learned on the 9th from the State Administration of Grain that the State Administration of Grain recently held a national autumn grain purchase work conference in Harbin, Heilongjiang Province, to arrange and deploy the purchase work. At present, preparations in various regions are basically complete, and the autumn grain purchase work, the highlight of the year's grain purchases, is
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As of September 5, wheat purchases in major producing areas reached 60.98 million tons
According to statistics, as of September 5, various grain enterprises in 9 major producing areas including Henan and Jiangsu had purchased 60.98 million tons of newly harvested wheat, a decrease of 9.53 million tons compared with the same period of the previous year. Various grain enterprises in 8 major producing areas including Jiangxi and Hunan had purchased 5.96 million tons of newly harvested early indica rice, a decrease of 760,000 tons compared with the same period of the previous year. Various grain enterprises in 9 major producing areas including Sichuan and Hubei had purchased 1.45 million tons of newly harvested rapeseed, a decrease of 1.93 million tons compared with the same period of the previous year.
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Early indica rice government-support purchases may decline this year
Due to consecutive bumper harvests, combined with the impact of imported rice, the domestic early indica rice market has been weak in recent years; and because the market itself has a relatively small capacity, trends are even weaker during the period in the first half of the year when reserve grain is rotated out in a concentrated manner. This year's new early rice opening price was lower than the minimum
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New early rice purchases in major producing areas reach 1.53 million tons
According to statistics from the State Administration of Grain, as of August 5, various grain enterprises in 9 major producing areas including Henan and Jiangsu had purchased 51.38 million tons of newly produced wheat, a decrease of 12.93 million tons from the same period last year. Various grain enterprises in 9 major producing areas including Sichuan and Hubei had purchased 1.1 million tons of newly produced rapeseed, compared with
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