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Why must the temporary corn purchase and storage policy be reformed?
In September 2015, the National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, the Agricultural Development Bank of China and other departments jointly issued the "Notice on Issues Concerning the State Temporary Storage and Purchase of Corn in Northeast China in 2015". In 2015, the state will continue to implement the temporary corn
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Corn Affected by Drought in Twelve Provinces and Regions; Market Outlook Depends on Weather and Temporary Storage Auctions
Since July, Liaoning has been hit by its worst drought in more than 60 years, with some farmland facing total crop failure. Twelve provinces and regions hit by drought, Liaoning and Jilin worst. Corn: outlook first depends on weather, second on temporary storage auctions. ■ Cheng Tong. Affected by the El Nino phenomenon, since July, many places in China have experienced moderate to
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Temporary Grain Market Support Purchases Become the Norm, Multiple Impacts Emerge in the Domestic Grain Price Market
To ease the pressure on grain storage capacity, Jilin Province encourages grain purchase and sales enterprises to engage in policy-oriented grain collection and storage, and five enterprises including Jilin Dongfu Rice Industry Company have obtained policy-oriented grain collection and storage qualifications. The photo shows the vertical silos invested in and built by Dongfu Rice Industry Company. Photo by Liu Hui, Economic Daily reporter
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Divergence between domestic and international corn prices forces adjustment of the temporary corn storage policy
Today, the domestic corn market has clearly shown a "three highs" pattern, that is, the highest output, the highest inventory, and the highest price market, and the domestic corn price has diverged severely from the international market corn price. Liu Hanyuan, Chairman of the Board of Tongwei Group
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Corn May Become the Next Pilot Commodity, Temporary Storage Policy in the Works for Full Abolition
Corn May Become the Next Target Price Subsidy Pilot Commodity; Decade-Long Temporary Storage Policy Faces an End. China Times reporter Chen Yanpeng reports from Beijing. The National Development and Reform Commission, the Ministry of Agriculture and other departments are in the works to fully abolish the temporary storage policy, intending to replace it with a more market-oriented target price subsidy system.
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Where Will the National Temporary Corn Reserve Policy Go?
Since 2008, the national temporary corn storage policy has been in operation for six years now. The national temporary reserve policy was implemented for the purpose of safeguarding national food security and protecting farmers' income, and after this policy was introduced, it genuinely maximized its own value in the early period. New
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Why can't the target price system for agricultural products replace the temporary storage system?
This year's No. 1 document of the CPC Central Committee proposed gradually establishing a target price system for agricultural products, which is of great significance. Establishing a target price system for agricultural products requires reforming the minimum purchase price system for grain and the temporary storage system for important agricultural products, but this does not mean that the minimum purchase price system for grain and the temporary storage system for important agricultural products should be completely abolished in the future.
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2014 Northeast China corn temporary purchase and storage price announced
The National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance, and the Agricultural Development Bank of China jointly issued the "Notice on Issues Concerning the National Temporary Storage and Purchase of Corn in Northeast China in 2014." The notice states that in 2014 the state will continue to implement the temporary corn purchase and storage policy in the three northeastern provinces and Inner Mongolia.
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Temporary storage corn mold rate standard expected to be relaxed soon
Affected by weather factors, mold has commonly occurred in corn in Northeast China, causing many corn loads to be turned away when sold and delivered to warehouses, and farmers in some areas have difficulty selling grain. According to reporters, this year farmers' corn mold rate is far higher than the procurement and warehousing standard of Sinograin, which has led to turned-away trucks and difficulty selling grain. Relevant state departments may issue documents in the coming days to relax the warehousing standard for moldy corn.
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With the temporary cotton purchase and storage policy abolished, how should cotton farmers and enterprises respond?
Cotton prices fall to their lowest level in recent years. From a spatial layout perspective, China's cotton is divided into the Xinjiang cotton region and the inland cotton region, with the inland cotton region mainly comprising the Huang-Huai River basin and the middle and lower reaches of the Yangtze River. The Dongting Lake Plain, long known as the "land of fish and rice," spans Hunan and Hubei provinces
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