Detail

China (Mainland)

Rice

All

18/05/2018

Production

Government procurement, support prices

Announced that the procurement drive for wheat and paddy in 2018 would only begin after market prices for these crops fell below Government purchase prices for three consecutive days, and would be suspended if market rates exceeded state purchase prices. Sinograin would continue to lead the state procurement drive, but other entities such as COFCO, China CO-OP Group, Sinochem, and the China State Farm Group could undertake purchases of wheat and paddy on its behalf. Unlike previous seasons, when crops of national grade 1 to 5 all qualified for procurement, in 2018 state purchases of wheat and paddy would be confined to grains of national grade 3 or higher. The procurement drive of early Indica paddy would span 1 August to 30 September 2018 in Anhui, Jiangxi, Hubei, Hunan and Guangxi, while in the case of late/intermediate paddy, the procurement season would run from 10 October 2018 to 31 January 2019 for Jiangsu, Anhui, Jiangxi, Henan, Hubei, Hunan, Guangxi and Sichuan, and from 1 November 2018 to 28 February 2019 for Liaoning, Jilin and Heilongjiang. In all other provinces, the span of the procurement drive could be determined by provincial authorities.