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First day of northeast corn temporary storage purchase: grain prices lowered, farmers reluctant to sell
Grain prices lowered, farmers reluctant to sell and waiting to see - northeast corn temporary storage purchase launch first day observations On the 1st, the three northeast provinces launched the 2015 state temporary storage corn purchase policy. At some purchase depots, reporters saw that autumn grain purchase funds were already in place, but not many farmers had yet come
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Corn temporary storage price cut for the first time in 7 years, many farmers holding onto their grain and waiting
In 2014, the state launched a pilot program of target price subsidies for soybeans in Northeast China and Inner Mongolia and for cotton in Xinjiang, abolishing the original temporary storage policy and letting the market determine the prices of these two types of agricultural products. Just one year after this policy was piloted, the
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Why early indica rice temporary storage auctions are seeing sluggish sales
On October 13, the national temporary storage early indica rice competitive bidding sales transaction fair held its first auction after a three-month gap, but the transaction results were less than ideal. That day, 492,310 tons of 2013 early indica rice were planned for sale, but actual transactions totaled only 516 tons, a transaction rate of 0.10%, with an average transaction price of 2,640 yuan/ton.
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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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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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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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