AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date26/02/2021

Policy CategoryProduction

Policy InstrumentGovernment procurement, support prices

DescriptionRaised government procurement prices for 2021 Indica paddy by 0.8 percent to CNY 122 per 50 kg (USD 379 per tonne) in the case of early Indica paddy and to CNY 128 per 50 kg (USD 397 per tonne) for late/intermediate Indica paddy. For Japonica paddy, government purchase prices were left unchanged for the third successive season at CNY 130 per 50 kg (USD 404 per tonne). The ceiling on publicly procured volumes for the 2021 season was similarly left unvaried at 50 million tonnes, consisting of 20 million tonnes of Indica paddy and 30 million tonnes of Japonica paddy.

NotesExchange rate as of 15 May 2021.