Area
China (Mainland)
Commodity Group
Grains
Commodity
Wheat
Date
12/10/2019
Policy Category
Consumption and marketing
Policy Instrument
Procurement price
Description
Set the 2020 minimum purchasing price for domestic wheat at CNY 2 240 (USD 316.08) per tonne, the same level as 2019, but said it will cap the volume it buys from farmers under the guarantee programme at 37 million tonnes.
