AreaChina (Mainland)

Commodity GroupGrains

CommodityWheat

Date12/04/2021

Policy CategoryConsumption and marketing

Policy InstrumentGovernment procurement

DescriptionRaised the floor price for wheat auctioned from state reserves at CYN 2 350 (USD 358.99) per tonne, up from CYN 2 290 (USD 349.8) set in 2019. The measure aims to dampen demand for the food grain.