Area
China (Mainland)
Commodity Group
Grains
Commodity
Wheat
Date
12/04/2021
Policy Category
Consumption and marketing
Policy Instrument
Government procurement
Description
Raised the floor price for wheat auctioned from state reserves at CYN 2 350 (USD 358.99) per tonne, up from CYN 2 290 (USD 349.8) set in 2019. The measure aims to dampen demand for the food grain.
