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Corn stocks surge sharply, Ministry of Agriculture says structure needs adjustment and optimization
At present, grain supply and demand at home and abroad are generally loose, international grain prices are running at a low level, and the price gap between domestic and international grain remains relatively large. On November 19, at a joint event held by the National Development and Reform Commission, the Ministry of Agriculture, the Ministry of Finance, the State Administration of Grain, the Agricultural Development Bank of China, and Sinograin
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Grain Price Inversion Leads to Surge in Grain Imports: Farmers Cannot Sell the Grain They Grow
Grain Won't Sell, Grain Farmers Want to Cry but Have No Tears: Does China Have Too Much Grain? Author: Gao Yuanzhi, Zhou Mian, Wu Tao Source: Banyuetan Website Editor: Yuan Bixia Editor's Note: At present, China's grain production and grain market have some puzzling aspects: on the one hand, grain
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Summer Grain Harvest Bumper, Imports Surge, Calls to Scrap Temporary Storage Grow Louder
While China's domestic summer grain harvest marks the 12th consecutive year of bumper harvests, on the other hand grain imports have grown substantially. According to data released by the General Administration of Customs: from January to June this year, a total of 16.293 million tons of grain was imported, up 66.5% year-on-year, of which net imports were 16.050 million tons, up
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Garlic prices surge again, yet trading volume drops noticeably
Take Beijing as an example: in June, the average wholesale price of garlic at the Xinfadi market was 2.5-3.2 yuan per jin, a full doubling compared with two months earlier. Right now is the peak season for vegetables coming onto the market, and oversupply has pushed down the prices of most vegetables. Yet there is
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Garlic Prices Surge Sharply Again Before Spring Festival
On the day of the Laba Festival, Ms. Yu had a sudden urge to make some Laba garlic, but when she asked at the market, the price of 7.5 yuan per jin really startled her. Ms. Yu said that in her hometown of Henan, there is a custom of eating vinegar-soaked garlic on the eighth day of the twelfth lunar month - it tastes good and can kill bacteria. She just remembered
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Corn auction volume surges 9-fold this week compared with last week
According to an official Chinese website, China will auction 3.4 million tonnes of state reserve corn this week, 9 times higher than last week's volume, of which 3 million tonnes come from the three northeastern provinces and Inner Mongolia. China began auctioning state reserve corn in April this year, one month earlier than last year
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Why Have Corn Seed Prices Soared? An In-Depth Analysis of the Causes
"Last year a bag of 50,000 kernels of Demeiya No. 1 seed cost 500 yuan, this year it has risen to 1250 yuan. How can it rise so much? That's outrageous." said Pang Long, a large grain farmer in Wudalianchi City, Heilongjiang. One hao of land (one hao equals 15 mu) needs two bags of seed, so the seed cost alone increases by
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Corn prices rise to 1.35 yuan, a rare surge in a decade
Recently, a sharp rise in the price of a single kernel of corn is producing rather far-reaching effects across many downstream sectors. In May and June of this year, corn in the Dalian area was still 1.05 yuan to 1.1 yuan per jin, but now it has risen to around 1.35 yuan. Such a high price for corn is, at least in the most recent
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Ginger prices higher than pork: how to deal with the price surge?
Recently, ginger prices have been climbing steadily. On August 27, reporters visited several supermarkets and farmers' markets in Shijiazhuang, Hebei, and found that the retail price of ginger had long exceeded 10 yuan per jin. In Laiwu, one of the main ginger-producing areas in Shandong, the wholesale price of ginger on August 27 reached per jin
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The surge in grain imports should be viewed with an open attitude
Data released by China Customs on Friday shows that in the first 7 months of this year, China imported a cumulative total of 11.34 million tons of grain and grain flour, an increase of 80.7% over the same period last year. The types of grain and grain flour imported by China mainly include wheat, paddy rice and rice, corn, barley, and so on. Its
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