Minimum purchase price for rice in 2015 remained the same as in 2014
The National Development and Reform Commission said on the 4th that in 2015 the state will continue to implement the minimum purchase price policy in major rice-producing areas, and the minimum purchase price will remain unchanged at the 2014 level. Taking into comprehensive consideration production costs, market supply and demand, comparative returns, international market prices, and industrial development, among other factors,
The National Development and Reform Commission said on the 4th that in 2015 the state will continue to implement the minimum purchase price policy in major rice-producing areas, and the minimum purchase price will remain unchanged at the 2014 level.
Taking into comprehensive consideration production costs, market supply and demand, comparative returns, international market prices, and industrial development, among other factors, and with the approval of the State Council, the minimum purchase prices for early indica rice, mid-to-late indica rice, and japonica rice produced in 2015 are 135 yuan, 138 yuan, and 155 yuan per 50 kg respectively.