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One of three conjectures on how the state reserve affects wheat prices
Recently, under the influence of two factors - weakened demand caused by a lower operating rate at flour milling enterprises and the gradual decrease in the amount of wheat circulating in the market - domestic wheat prices have entered a period of stability. As is well known, a stable period is the most difficult trading period, because at this stage
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Sinograin makes every effort to do a good job in the temporary state reserve corn purchase in Northeast China
On December 1, the reporter learned from Sinograin Corporation that the state's temporary reserve corn purchase in the four northeastern provinces has been stable and progressing smoothly, and the purchase volume in the first month was twice that of the temporary reserve purchase in the same period last year. A relevant person in charge of Sinograin told the reporter that since November 1, the state has launched the 2015 temporary reserve corn purchase in the three northeastern provinces and one region.
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Domestic wheat prices slowly recover, while sales of state temporary reserve wheat decline
Constrained by a reduction in grain sources on the circulation market and the high price of state temporary reserve wheat, which has led to a decline in effective supply capacity, domestic wheat prices as a whole have shown a recovering trend, but the recovery is slow due to weak demand. As of early November, the average purchase price of third-grade wheat in Jiangsu was 2,304 yuan/tonne,
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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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Corn prices keep falling step by step, and the pressure to release state reserves is great
Recently, the Ministry of Agriculture held a symposium on agricultural structural adjustment for the four northeastern provinces and regions in Changchun, Jilin Province, specifically requiring the four northeastern provinces and regions to reduce corn planting area. The author believes that since 2008, the bull market feast in which corn output and prices rose together due to state reserve purchases will
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The temporary state reserve policy for rapeseed has reached a crossroads: which way will it go?
Under the current temporary state reserve policy for rapeseed, all the various costs and even losses incurred from purchasing and processing to storing and selling rapeseed are ultimately borne entirely by the state. As the quantity of rapeseed in temporary state reserve continues to increase, the state's fiscal burden grows heavier and heavier. In late May, just
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This week's auction volume of temporary state reserves of corn will be raised to 5.32 million tonnes
According to a notice released on Monday, this week's competitive bidding session for temporary state reserves of corn is expected to offer 5.32 million tonnes of corn, 39% higher than last week's volume. Due to increased subsidies, recent competitive bidding sessions for temporary state reserves of corn have attracted more buyers to bid. Last week's auction
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Transaction rate of reserve wheat auction stands at 16.18%
Transaction rate of reserve wheat auction stands at 16.18% With approval from the relevant state departments, the competitive sales session for state reserve wheat held on May 12 planned to sell 1.1647 million tonnes of wheat, with an actual transaction volume of 188,400 tonnes and a transaction rate of 16.18%. Among this, the Henan market offered 335,700 tonnes of market-support wheat
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State temporary reserve wheat auction achieves a transaction rate of 19.9%
Temporary reserve wheat auction transaction rate 19.9%. With the approval of the relevant national departments, the temporary reserve wheat competitive sale trading session scheduled for May 5 planned to sell 1.1884 million tonnes of wheat, with an actual transaction volume of 236,500 tonnes and a transaction rate of 19.9%. Among this, the Henan market offered 337,400 tonnes of market-support wheat
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334.77 million tons of state reserve corn to be auctioned this week
3.3477 million tons of state reserve corn to be auctioned this week. China will auction 3.3477 million tons of state reserve corn this Thursday and Friday, 9 times the amount of last week, of which 2.484 million tons come from Heilongjiang. To stimulate domestic corn consumption demand, China has also raised subsidies for corn processing plants
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