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Why is adjusting the grain purchase and storage policy imperative?
The current inversion of domestic and international grain prices has led to massive grain imports, while domestic production costs remain high; the room for protecting farmers' enthusiasm for growing grain simply by raising the minimum purchase price is getting smaller and smaller. Rationalizing the relationship between grain prices and the market has become a consensus, but the steps of adjustment should
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Food Administration Deploys Autumn Grain Purchase and Storage Work, Actively Implements the Food Security Responsibility System
China Securities Journal Online News, November 9, learned from the Food Administration that on November 6, the National Food Administration and the Ministry of Finance, together with the National Development and Reform Commission, the Ministry of Agriculture, the Agricultural Development Bank, Sinograin and other departments and units, organized a symposium in Changchun, Jilin on autumn grain purchase and storage work in Northeast China.
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Tighter Temporary Corn Storage Purchases, Prices Unlikely to Keep Rising This Year
As one of the country's important grain crops, corn prices have fallen sharply and continuously since the start of this year, with corn futures dropping all the way from a high of 2400 yuan/ton at the beginning of the year to a low of 1788 yuan/ton, as short sellers kept adding positions and the open interest in corn futures contracts repeatedly hit new highs
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How will agricultural product prices be formed in the future? Improving the purchase and storage system is urgent
On the 11th, the State Council executive meeting again raised the reform of the grain price formation and purchase and storage mechanism. Just a few days earlier, the full text of the "Recommendations of the Central Committee of the Communist Party of China on Formulating the Thirteenth Five-Year Plan for National Economic and Social Development" (hereinafter referred to as the "Recommendations") was published, which also mentioned reforming agricultural product
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Fertilizer winter storage market performance may struggle to match previous years' levels
Because grain prices are low, farmers' incomes have been greatly affected, just like the cold winter weather, making it impossible to feel cheerful. Likewise, it is not only grain-growing farmers who are deeply troubled; those in the agricultural inputs business are not faring well either. As the saying goes, when agriculture is doing well, the fertilizer market thrives; when grain prices are high, fertilizer sells well. Growing grain
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Supervision of policy-related grain collection and storage further strengthened
According to a Xinhua News Agency report from Beijing dated November 18, a message on the website of the National Food Administration shows that the National Development and Reform Commission, the National Food Administration and other departments recently jointly issued a notice requiring further strengthening of the "four together" mechanism and effective implementation of the collection, storage and supervision of state policy-related grain.
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National Development and Reform Commission and other departments deploy efforts for policy-related grain procurement, storage and supervision
The National Development and Reform Commission, the National Grain Administration and other departments recently jointly issued a notice, requiring further strengthening of the "four together" mechanism and earnestly doing a good job in the procurement, storage and supervision of state policy-related grain. The notice states that relevant branches of Sinograin, provincial-level grain administrative
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Northeast China opens granaries across the board to solve the difficulty of selling grain; storage capacity can generally meet demand
Recently, due to oversupply and rising inventories, corn market prices have fallen considerably, and difficulties in selling have appeared in some localities. How is the current corn purchase and storage work progressing? What adjustments will be made to grain policy? Will next year's grain production be affected? At the National Development and Reform Commission's press briefing on current grain-related policies held on the 19th
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Notice on Raising the Temporary Corn Purchase and Storage Price for 2013
NDRC Economic and Trade Document [2013] No. 1289 To the Development and Reform Commissions, Departments of Finance, Departments of Agriculture, Grain Bureaus, Price Bureaus, branches of the Agricultural Development Bank, and Sinograin branches of Inner Mongolia, Liaoning, Jilin, and Heilongjiang provinces (autonomous regions): To protect farmers' interests and their enthusiasm for growing grain, and to promote the development of grain production, with the approval of the State Council, it has been decided to continue implementing the temporary corn purchase and storage policy this year in Northeast China and other main production areas, and to appropriately raise the temporary purchase and storage price level.
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National temporary corn purchase demand: overall purchasing and storage capacity can meet requirements this year
On November 19, at a news briefing on current grain-related policies jointly held by the National Development and Reform Commission, the Ministry of Agriculture, the Ministry of Finance, the National Grain Administration, the Agricultural Development Bank of China, and Sinograin, a relevant person in charge of Sinograin stated that overall it can meet this year's
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