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China's corn temporary storage price may continue to be lowered in 2016/17
According to industry sources, the Chinese government plans to lower the domestic corn purchase price for a second consecutive year, aiming to boost stagnant demand from the crisis-hit processing industry and draw down massive corn stockpiles. China's corn prices are the highest in the world, making it difficult for the domestic processing industry to stay afloat.
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Temporary storage corn purchases significantly boost corn prices
The progress of temporary storage corn purchases has been very rapid, with an obvious effect on prices. At present, market prices in Heilongjiang and Inner Mongolia have already approached the temporary storage level, and parts of Jilin and Liaoning have already shown a premium over the temporary storage level. At present, price trends in Northeast China are basically led by temporary storage purchases. Because temporary storage purchases
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Corn temporary storage price cut leaves farmers and enterprises crying losses
Farmers cry compensation, enterprises cry losses, state cuts corn temporary storage price, rippling a pool of water. Reporter Wang Peilian, China Youth Daily (December 03, 2015, page 06). Recently, Hua Shujun, a large corn grower living in Gaojia Village, Songyuan City, Jilin Province, often goes to the national storage depot near the village to inquire about corn purchase prices and intake conditions.
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State Cut to Corn Temporary Storage Price Triggers Market Fluctuations
Recently, Hua Shujun, a large-scale corn grower in Gaojia Village, Songyuan City, Jilin Province, often goes to the state reserve warehouse near the village to inquire about corn purchase prices and intake conditions. Besides farming, Hua Shujun also runs a planting cooperative. This year, all of the more than 60 member households planted
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Industry Viewpoint: Corn Prices Fall in North China, Northeast Temporary Storage Policy Tightens
Recently, China's two major corn-producing regions, the Northeast and North China, have been operating around different themes. First, some enterprises in Heilongjiang were affected by tightened temporary storage standards, and purchasing was suspended for a time. With temporary storage purchases progressing too quickly, the state's attitude toward regulating the purchasing pace was clear.
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Temporary Storage Price Cut: Why a Bumper Harvest Becomes a Worry for Farmers
In the Northeast production areas, the temporary storage corn purchase policy has been in effect for more than a month and a half. Data from the State Administration of Grain shows that as of December 10, cumulative temporary storage corn purchases in the Northeast production areas reached 31.9 million tons, including 5.14 million tons in Inner Mongolia, 690,000 tons in Liaoning, 680,000 tons in Jilin
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