AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date18/02/2022

Policy CategoryProduction

Policy InstrumentGovernment procurement, support prices

DescriptionAnnounced government procurement prices for paddy for the 2022 season. In the case of early Indica paddy, government procurement prices were raised 1.6 percent above the levels set for 2021 to CNY 124 per 50 kg (USD 365 per tonne), while for late/intermediate Indica and for Japonica paddy, they were raised by 0.8 percent to CNY 129 and 131 per 50 kg (USD 380 and 386 per tonne), respectively. The ceiling on publicly-procured volumes for the 2022 season was also set at 50 million tonnes, unchanged from the previous year and consisting of 20 million tonnes of Indica paddy and 30 million tonnes of Japonica paddy.

NotesExchange rate as of 15 May 2022.