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China's soybean imports in the third quarter are expected to reach a massive volume
Oil World: China's soybean imports in July this year could reach as high as 9.5 million tonnes. According to the Hamburg, Germany-based industry publication Oil World, China's soybean imports in July 2015 could reach 9.2 million to 9.5 million tonnes. By comparison, statistics released by the General Administration of Customs of China early this week
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Grain Production, Imports and Stocks: The "Three Highs" Become a New Challenge
High production, high imports, high stocks: How to answer China's new challenge of the "three highs coexisting" in grain. Data released by the National Bureau of Statistics on the 15th show that the total national summer grain output in 2015 was 141.066 million tons (282.13 billion jin), an increase of 3.3% over 2014. With this, China's summer grain achieved a "twelfth consecutive
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New wheat procurement progress is slow, prices are low
The current domestic new wheat procurement market shows a "slow volume, low price" pattern. Under a high-inventory pattern, the support from policy-based procurement has weakened noticeably, and the effect of policy-based procurement squeezing the market is unlikely to appear. The extended procurement period has flattened the wheat price trend. Wheat prices may overall be in a lukewarm trend, and
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Early indica rice government-support purchases may decline this year
Due to consecutive bumper harvests, combined with the impact of imported rice, the domestic early indica rice market has been weak in recent years; and because the market itself has a relatively small capacity, trends are even weaker during the period in the first half of the year when reserve grain is rotated out in a concentrated manner. This year's new early rice opening price was lower than the minimum
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Export Volume of Chinese Medicinal Materials and Decoction Pieces Declined in the First Half of 2015
According to statistics from the Traditional Chinese Medicine Department of the China Chamber of Commerce for Import and Export of Medicines and Health Products, in the first half of 2015, China's export value of Chinese medicinal materials and decoction pieces was 550 million USD, down 7.50% year on year. This was mainly reflected in a 10.43% year-on-year decline in the average export price. This was the first decline in export value since the major bull market of 2010.
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Farmers May See a Wave of Concentrated Grain Sales, Purchase Volume Expected to Grow
As this year's wheat harvest is already assured and supply is abundant, although some major producing provinces have introduced relevant subsidy policies to promote wheat purchases, such as Henan Province recently allocating 15 million yuan in fixed subsidies to cities and counties with excessive imperfect grains, the grain sources in farmers' hands and circulating in the market remain
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2015 summer grain minimum-price purchase volume down 25% year on year
A reporter learned on September 2 from Sinograin (China Grain Reserves Corporation) that, in accordance with the provisions of the national minimum purchase price implementation plan, Sinograin launched the wheat minimum-price purchase at the end of May in Jiangsu, Hubei, Anhui, Henan and Shandong, and launched the early indica rice minimum-price purchase at the end of July in Anhui, Jiangxi, Hunan and Hubei.
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COFCO's international business volume exceeds domestic, asset integration to be completed before 2017
After more than 6 years of internationalization strategy deployment, COFCO Group's goal of a full industry chain is gradually being realized. According to an internal COFCO management person, last year COFCO, by controlling the Netherlands-based Nidera Group and Noble Agri under Hong Kong, China's Noble Group, had already preliminarily formed a
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Corn seed supply will be sufficient next year, with total volume able to meet demand
According to recent scheduling analysis, in China's main corn seed production areas of Gansu and Xinjiang, continuous high temperatures caused a reduction in seed output, but due to an increase in seed production area and large inventories, the total corn seed supply next year will be able to meet demand. Corn seed production in Gansu and Xinjiang fell by 10% to 40%.
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China's summer grain state reserve purchase volume fell 23% year-on-year this year
Since Sinograin launched the wheat state reserve purchase in Jiangsu, Hubei, Anhui, Henan and Shandong at the end of May, and launched the early indica rice state reserve purchase in Anhui, Jiangxi, Hunan and Hubei at the end of July, the purchase work has been steady and orderly, and has now entered its final stage. As of September 10, Sino
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