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Payments for Grain Purchases via UnionPay Card See Considerable Transaction Volume in Agricultural Product Procurement
Now we only need to swipe a card to collect and pay for grain. Enterprises have reduced the costs of cash withdrawal and transportation, and farmers have also enjoyed convenience and benefits. Gu Bingsong, chairman of Fangzheng Qiuran Rice Industry Company, told reporters. What he called card swiping refers to the UnionPay card
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E-commerce Transactions Open the Door to Legislation: Individuals Opening Online Stores Must Use Their Real Names
The standardization of e-commerce transactions has taken its first step. The draft for public comment of the "Interim Measures for the Administration of Online Commodity Transactions and Related Service Activities," drafted by the State Administration for Industry and Commerce, was recently released. The draft outlines relevant norms for online commodity transactions and services, requiring natural persons who engage in commodity transactions and related service activities through the internet to submit an application to the operator providing the online trading platform service, providing their real identity information such as name and address; those who meet the conditions for registration shall handle industrial and commercial registration according to law.
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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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How Can E-commerce Transactions Move Beyond "Price by Inspection of Goods"?
Editor's note: Recently, after review and deliberation by industry experts from the Ministry of Agriculture, the China Association of Traditional Chinese Medicine, the China Traditional Chinese Medicinal Materials Logistics Expert Committee and other departments, the "Electronic Trading Specification Standards for Traditional Chinese Medicinal Materials Products" (hereinafter referred to as the "Standards"), completed by Chengdu Tiandiwang Information Technology Co., Ltd., was approved, pioneering electronic trading standards for agricultural products. How were these standards formulated, what are their characteristics? How will they be implemented? What insights do they offer for China's agricultural product e-commerce?
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Seventh Northern Tea Expo Inks Nearly 600 Million Yuan in Deals
A reporter learned from the Zhengding County government of Hebei Province that the seventh "Hebei Shijiazhuang Northern Tea Expo" was recently held in Zhengding County, with more than 120,000 traders participating in the event, and the total value of transactions and signed agreements exceeding 598 million yuan. Zhengding is a major agricultural county, and under the two major national strategies of the national "Belt and Road"
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Under State Policy Intervention, Wheat Transaction Rate Hits a Record Low
News of September 9: The transaction rate of state policy-based wheat hit a record low. Monitoring data show that on September 8, the two markets of Anhui and Henan jointly offered 114.42 tons of policy-based wheat at auction, down 0.37 million tons from last week; a total of 0.13 million tons were sold, down 0.26 million tons from last week;
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Industry View: Japonica Rice Auction Subsidies Stimulate Higher Transaction Rates
The auction subsidy amount in Heilongjiang Province was upgraded from 100 yuan/ton announced on April 17 to 200 yuan/ton on June 12. The subsidy recipients are 102 rice mills in Heilongjiang with a production capacity of over 100,000 tons. According to monitoring, affected by this policy, the transaction volume of state reserve japonica rice auctions increased throughout July,
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Corn auction transaction rate continues to decline, how does the industry view it?
Corn auction transaction rate continues to decline. Last week, corn purchase and sales in Northeast China were sluggish, and the temporary storage transaction volume hit a new low again; corn prices in North China rose slightly within a stable range; corn prices at southern ports were stable and slightly weak, while purchase prices at northern ports fell, marking the beginning of the destocking stage. At present,
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Early indica rice prices slide, yet 2014 mid- and late-season rice transaction volume climbs
From June 26 to July 2, the 2013 government-supported early indica rice auction in Hubei Province saw zero transactions, while the auction of 2012-produced early indica rice from local reserves showed a downward price trend, with the June average transaction price having fallen from 2,380 yuan/ton in January to 2,158 yuan/ton, a drop of 9.3%. Purchase prices for 2014-produced early indica rice in various regions also ran below the government support price, with the average purchase price of ordinary early indica rice in Wuhan, Jingzhou, Xianning and Huanggang ranging from 1.25-1.29 yuan/jin, and the average purchase price of high-quality early indica rice at 1.32-1.35 yuan/jin. In contrast to the sluggish early indica rice market, the 2014-produced government-supported mid- and late-season indica rice in Hubei Province saw active transactions. On June 30, Wuhan planned to sell 200,944 tons of 2014 mid- and late-season indica rice, with an actual transaction volume of 122,323 tons, a transaction rate of 60.87%, and an average transaction price of 2,813 yuan/ton.
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The transaction rate for mid-to-late indica rice produced in 2014 reached 37.03%
With the approval of the relevant state departments, the national temporary stored rice auction sales transaction held on June 30 concluded successfully. This transaction planned to sell 1,848,582 tons of rice, with an actual transaction volume of 170,465 tons and a transaction rate of 9.22%, of which: the planned sale of 49
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