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Is the corn price determined by the market or dominated by policy?
The price for the state's temporary purchase and storage of corn has been finalized this year at 1 yuan per jin, at most 0.12 yuan per jin lower than last year. This is the first cut since the corn temporary storage policy was implemented in 2007. This subtle change sends a signal to the market: high-price floor
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In China's grain sector, foreign goods are entering the market while domestic goods go into storage, with a huge price gap between domestic and international markets
Domestic production and inventories are growing, and imports are also climbing. All three are rising together - is there too much grain or too little? By our reporter Feng Hua. This year China's summer grain achieved a twelfth consecutive bumper harvest. Last year, China's grain production remained stable above 1.2 trillion jin for two consecutive years. At the same time, grain
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Imported grain enters the market while domestic grain goes into storage, with a huge price gap at home and abroad
This year China's summer grain achieved a twelfth consecutive bumper harvest. Last year, China's grain output remained stable above 1.2 trillion jin for two consecutive years. At the same time, grain imports exceeded the 100 million ton mark for the first time. In the first seven months of this year, 72.568 million tons of grain were imported, up 22.4% year on year. This has left many people puzzled
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Corn market fluctuates due to new temporary storage policy
1 yuan/jin may become the price ceiling A Soybeans and corn growth slightly worse than last year This year's corn production has declined slightly compared with last year, mainly because last year's corn production was very high. Zhang Xin, a purchaser in Xigangzi Town, Heihe City, said. According to Li Wei, a farmer in the Suihua area, due to
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Special inspections of autumn grain purchasing and safe grain storage will be carried out nationwide
The reporter learned from the National Food Administration on the 8th that special inspections of autumn grain purchasing, safe grain storage, and production safety will be carried out nationwide from mid-October to the end of November. The autumn grain purchasing inspection covers the designated-point stage, the purchasing stage, and the acceptance and storage stages. Inspect whether commissioned
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Fertilizer winter storage has begun, so why is progress slow?
As the year draws to a close, this year's winter storage has officially begun. At the same time, the "2015 Tariff Implementation Plan" issued in mid-December explicitly abolished the off-season and peak-season window tariffs, leading most fertilizer enterprises to take an optimistic view of next year's fertilizer export situation. This has caused the long-sluggish urea
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Autumn grain procurement gets off to a steady start, with notable progress in grain storage technology
October 16, 2015, is the 35th World Food Day designated by the UN Food and Agriculture Organization, coinciding with the 25th National Grain-Saving and Food-Saving Publicity Week. This year's National Grain-Saving and Food-Saving Publicity Week theme is "Promoting Grain and Benefiting Farmers into Every Household." At present, autumn grain procurement is unfolding across various regions, and the grain departments
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Corn Purchasing and Storage Policy Loosens After 8 Years, New Wording for Price Reform
On October 15, the government issued the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Advancing Price Mechanism Reform" (hereinafter referred to as the "Opinions"), to accelerate the improvement of a price mechanism mainly determined by the market. The "Opinions" pointed out that the price mechanism is the core of the market mechanism, and market-determined pricing is the key to the market playing a decisive role in resource allocation.
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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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Where is the grain market heading in 2016? Storage pressure remains considerable
After the bumper harvest: grain storage pressure remains considerable At present, China has achieved twelve consecutive increases in the summer grain harvest and eleven consecutive years of bumper annual grain harvests, but after the bumper harvests, the pressure on grain purchase and storage is considerable. Yan Bo, spokesperson for the State Administration of Grain and director of the Department of Policies and Regulations, introduced that our
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