Indica rice market prices edged up steadily last week

Indica rice market prices edged up steadily last week Last week, due to the relatively large inventories of temporary state reserve rice and local reserve rice, the considerable volume released through auctions or rotation, and the lack of highlights at the consumer end, rice processing enterprises saw sluggish buying and selling, while high-quality indica rice was relatively active in transactions. In addition, with sunny weather, farmers' willingness to sell grain increased, and prices of ordinary mid-to-late indica rice in some areas slightly pulled back. It is expected that in the later period, the overall supply and demand of the indica rice market will be ample, transaction conditions will be difficult to improve, prices will be steady with a weakening trend, and high-quality indica rice prices will remain firm.

With market bullish factors, soybean prices began to recover Last week, soybean market prices in Heilongjiang stopped falling and stabilized, and domestic market demand recovered somewhat, especially demand for food-grade soybeans strengthened. In addition, traders had insufficient inventories and were relatively proactive in purchasing soybeans, with prices rising in some areas. As international crude oil prices continued to rebound, international soybean prices oscillated upward, which also brought a positive impact on Dalian futures soybean prices, and domestic spot soybean prices were boosted and began to strengthen. In the later period, as spring planting begins and farmers busy themselves with spring plowing, soybeans on the market will gradually decrease. In addition, since traders and other market entities did not purchase large quantities of soybeans earlier, inventories are insufficient, and later domestic soybean prices can be expected to rise.