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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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Corn temporary storage purchase accelerates, grassroots grain prices rise accordingly
I. Spot market Northeast production area: temporary storage accelerates, grassroots grain prices rise. The temporary storage purchase efforts in the Northeast production area have strengthened again. According to the latest data, purchases in the past 5 days have reached 6.62 million tons, and total purchases have exceeded 45 million tons. With the help of accelerated purchases, grassroots grain prices in the production area have risen.
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Temporary reserve wheat auctions show uneven results, overall market remains quiet nationwide
Recently, flour demand has been stable and wheat supply abundant. Large and medium-sized flour milling enterprises slowed their purchasing pace after buying large quantities of wheat earlier, which affected the transaction results of policy-driven wheat auctions. Anhui Province has begun trading 2014 temporary reserve wheat, while 2013 temporary reserve wheat has
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Temporary reserve wheat auction clearance rate at 27.8%
Temporary reserve wheat auction clearance rate at 27.8% With approval from the relevant state departments, the national temporary reserve wheat competitive sales trading session held on March 3 planned to sell 1.0242 million tons of wheat, with an actual transaction volume of 284,700 tons and a clearance rate of 27.8%. Among this, the Henan market auctioned 201,900 tons of market-support wheat, with 2,300 tons sold, a clearance rate of 1.15%, and an average price of 2,419 yuan/ton; the Anhui market offered a total of 822,300 tons, with 282,400 tons sold, a clearance rate of 34.35%, an average price of 2,458 yuan/ton for white wheat, and an average price of 2,450 yuan/ton for mixed wheat.
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Rice prices rise in some areas due to a temporary supply shortage
During the Spring Festival, rice processing enterprises in Northeast China stopped operation, and they also resumed work relatively late after the holiday, so the rice market supply was relatively small; moreover, before the holiday, distributors in sales areas were rather pessimistic about the later rice price trend, so they kept relatively small rice stocks. After the holiday, market demand recovered,
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