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The Temporary Storage Price of Corns Firstly Drops in Seven Years The Temporary Storage Policy Faces the Change

Pubtime:2015-09-30Author:Source: Hits:

 

In September, corns in the Chinese major grain producing areas including three provinces in northeast China and Inner Mongolia gradually enter the mature period gradually from south to north; however, the market price of corns drops, and traders begin to undersell them...


The more disturbing news is that the purchasing and storage price of corns has a historic change. On September 18, the National Development and Reform Commission, Food Bureau, Ministry of Finance, Agricultural Development Bank and other departments jointly issued a notice: The listed purchasing price of the national temporary storage corns is set to 1 yuan/jin (a unit of weight), which is 0.13 yuan lower than the temporary storage price in the last year. And, this is also the first drop of the temporary storage price since the national policy of temporary storage of corns which was released in 2008.