AreaChina (Mainland)

Commodity GroupGrains

CommodityWheat

Date12/10/2019

Policy CategoryConsumption and marketing

Policy InstrumentProcurement price

DescriptionSet 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.