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Why early indica rice temporary storage auctions are seeing sluggish sales
On October 13, the national temporary storage early indica rice competitive bidding sales transaction fair held its first auction after a three-month gap, but the transaction results were less than ideal. That day, 492,310 tons of 2013 early indica rice were planned for sale, but actual transactions totaled only 516 tons, a transaction rate of 0.10%, with an average transaction price of 2,640 yuan/ton.
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Ample Edible Oil Supply and Weak Demand Make Sustained Price Rallies Unlikely
Last week (October 19-23), influenced by the futures price trends of CBOT soybean oil and Bursa Malaysia palm oil, the domestic vegetable oil market showed wide-ranging fluctuations. As the current domestic vegetable oil supply is ample, the spot market has also entered the traditional off-season for demand after the holiday, and basis has declined somewhat. Last week
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China steps up wheat support-buying to counter sluggish global agricultural prices
A reporter learned from the Hebei Provincial Grain Bureau that Hebei Province started the "2015 Wheat Minimum Purchase Price Implementation Plan" (hereinafter referred to as the "Plan") on September 11. Since August, wheat purchase prices in Hebei Province have continued to decline, and the current market purchase price has already fallen below the government-set
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Policy rice sales remain sluggish, japonica-indica rice price spread stable
After mid-October, policy-backed competitive bidding for japonica rice and indica rice reopened. However, as the volume of new grain coming onto the market continued to increase, the transaction rate in the old rice market declined compared with the earlier period. As of now, China's total policy rice transactions stand at 3.93 million tons. Total policy japonica rice transactions
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Honeysuckle Market Sluggish in the New Season, Driven by Weakening Demand from Downstream End Users
Right now it is the new-harvest season for honeysuckle. In China's main honeysuckle-producing areas such as Shandong, Shaanxi, Henan and Hebei, this should be a season of abundant supply and brisk buying and selling, but our reporter has learned that this year this widely used Chinese medicinal herb seems very desolate.
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Slow progress in purchasing newly harvested wheat, market demand is sluggish
"Who dares to rush and buy now? Small traders who purchased farmers' wheat earlier would be lucky just to sell it off smoothly," Xi Yuecun, a wheat trader in Zhumadian, Henan, told reporters. It is understood that this year during the wheat harvest season, rainy weather occurred in Jiangsu, Hubei, Anhui, southern Henan and other places
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When will the rice market emerge from the cold winter? Market sluggish amid sweltering heat
After entering June, temperatures kept rising, and domestic rice sales slowed noticeably. What followed was a decline in daily processing volume at factories and an increasing number of shutdowns for maintenance. Moreover, most factories said that for a long time, rice processing profits had already hit bottom or were in
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Early indica rice prices trend low; farmers advised to postpone selling
According to analysis, China will continue to implement the protective price purchase policy for early indica paddy in 2015, with the protective price set at 1.35 yuan/jin. After early indica rice hits the market in large quantities at the end of July, as the state's protective purchase of early indica rice begins, prices will quickly move close to the protective price of 1.35 yuan/jin. According to China
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Soybean meal market remains sluggish, still a long way from emerging from the cold winter
Since January, due to the favorable bumper harvest prospects in South American soybean producing regions, global soybean supply pressure has increased significantly. In mid-January, the main US soybean contract fell below the 1000 cents/bushel integer mark and continued to decline. It is expected that US soybeans will continue to test the 900 cents/bushel support level in the future. With US soybeans remaining weak, Dalian soybean meal can hardly stay unaffected and will continue to follow US soybeans downward.
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China's soybean market sees sluggish buying and selling, with both supply and demand showing weakness
Since this year, China has implemented a target price subsidy policy for soybeans. Recently, reporters learned during interviews in Heilongjiang Province, China's main soybean-producing area, that Heilongjiang had a bumper soybean harvest this year, but the buying and selling market was quiet, and the downward trend in soybean prices was very obvious. Market wait-and-see sentiment
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