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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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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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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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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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