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State reserve wheat auction opens the new year with sluggish sales
On January 5, 2016, the state reserve wheat auction ushered in its first auction of the new year. As the state reserve wheat auction policy had not been adjusted, the state reserve wheat continued to see sluggish sales due to its price disadvantage. On January 5, the state reserve wheat auction planned to sell 1.1541 million tons, with actual
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State Reserve Cotton Sales Suspended for the New Year: Latest National Policy Arrives
The state will suspend the release of reserve cotton in the next cotton year to guide enterprises to actively purchase, process and sell new cotton. In 2015, cotton imports will be properly arranged according to the domestic supply and demand situation. In addition to the 894,000-ton tariff quota committed upon WTO accession, in principle no additional import quota will be issued
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Grain outbound shipments expected to accelerate, tight state reserve warehouse capacity awaits relief
A Futures Daily reporter recently learned from the State Administration of Grain that relevant departments have decided to entrust the Anhui Grain Wholesale Market and others to hold a special national policy grain competitive bidding fair on January 6-8 next year. The varieties and quantities traded are 2 million tons of wheat, 4 million tons of japonica rice, and 4 million tons of indica rice.
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State grain reserves auction opens in January, four major varieties totalling 15 million tonnes
The reporter recently learned from the State Administration of Grain that relevant departments will hold a special national policy grain competitive bidding session in Anhui from January 6 to 8, 2015, auctioning four major varieties of state reserve grain: wheat, japonica rice, indica rice and corn. It is understood that the varieties and quantities in this auction are divided into
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Rapeseed oil state reserve auction achieves 59.9% transaction rate
State reserve rapeseed oil auction transaction rate 59.9%. With approval from relevant state departments, the national temporary storage rapeseed oil competitive sales auction held on March 11 planned to sell 27,509 tons of 2010 rapeseed oil, with 16,477 tons actually sold, a transaction rate of 59.9%, at a price of 6,036 yuan/ton. Among them
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Proposal for the state to use foreign exchange reserves to support agriculture "going global"
On March 4, Chen Zhangliang, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and vice chairman and member of the Secretariat of the China Association for Science and Technology, was a guest on People's Daily Online and gave an online interview on the topic of "Chinese agriculture going global." Chen Zhangliang said the state should take out a portion of its foreign exchange reserves to support Chinese agriculture "
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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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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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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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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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