AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date02/02/2016

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionDecided to keep government paddy procurement prices for the 2016 season unchanged at CNY 138 per 50 kg bag for late/intermediate Indica (USD 428 per tonne) and at CNY 155 per 50 kg bag for Japonica varieties (USD 481 per tonne). In the case of early Indica paddy, procurement prices were lowered by 1.5 percent year-to-year to CNY 133 per 50 kg bag (USD 412 per tonne).

NotesExchange rate as of 1 April 2016.