AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date17/02/2017

Policy CategoryProduction

Policy InstrumentSupport prices

DescriptionLowered government procurement prices for paddy for the 2017 season. According to the decision, procurement prices for late/intermediate Indica paddy would be reduced by 1 percent to CNY 136 per 50 kilo (USD 395 per tonne), by 3 percent in the case of Japonica paddy to CNY 150 per 50 kilo (USD 435 per tonne) and by 2 percent for early Indica paddy to CNY 130 per 50 kilo (USD 377 per tonne).

NotesExchange rate as of 1 April 2017.