Rice prices skyrocketed!Flash sale for a limited time, hot sale!

Mondo Three rural Updated on 2024-01-19

【Paragraph 1】Recently, the number of policy-related reserve paddy tenders and procurement activities has decreased significantly, especially in Hunan, Hubei and Anhui. This shows that the local reserve companies have completed the task of rotating and replenishing the stockpile. This means that the market for mid-to-late rice is more abundant, and the amount of rice produced has also decreased, which in turn has led to a decline in the purchase of rice. For example, on November 27, Antai Grain Reserve Management in Xianning City successfully bid for 3404 new mid-to-late indica rice (Liangyou) in 2023 at a starting price of 2,900 yuan4 tons. 【Paragraph 2】The same situation also appears in the bidding procurement of county-level reserve rice in Zongyang County, Anhui Province. They tendered and purchased 4,000 tons of long-grain mid-to-late indica rice produced in 2023 at a reserve price of 2,940 yuan, and finally traded 2,000 tons, with a turnover rate of 50%. The ** of japonica rice and mid-to-late indica rice in Jiangsu also fluctuated. For example, on November 27, Jiangsu Benniu National Grain Reserve bid for 1,920 tons of japonica rice produced in Jiangsu in 2023, with a reserve price of 3,060 yuan and a final transaction price of 2,950 yuan tons, a decrease of 88 yuan tons compared with ten days ago, and a decrease of 25 yuan tons compared with the beginning of the month.

In addition, on November 27, Changzhou Grain and Material Reserve Co., Ltd. purchased 3,400 tons of japonica rice produced in Jiangsu in 2023, with an average transaction price of 2,913 yuan, 80 yuan tons more than 10 days ago. The local grain reserve in Qidong City purchased 4,000 tons of japonica rice produced in Jiangsu in 2023, with an average transaction price of 2,9325 yuan ton, compared with 27 yuan ton 10 days ago. The grain reserve management in Xishan District, Wuxi City, purchased 1,000 tons of japonica rice produced in Jiangsu in 2023, and the transaction price was 2,910 yuan tons, compared with 20 days ago, 32 yuan tons. 【Paragraph 4】From these data, it can be seen that there has been relatively little bidding and procurement activity for policy-based reserve paddy across the country recently. This may mean that the local reserve enterprises have completed the task of rotating and replenishing the stockpile, resulting in an increase in the market volume and a decrease in the amount of rice produced, which in turn affects the purchase of rice. This phenomenon deserves our in-depth understanding. The fluctuation of policy reserve rice has an important impact on the grain market and farmers' income, so it is necessary to strengthen supervision and guidance from relevant departments to protect the interests of rice farmers and maintain market order.

In this process, we should also pay attention to the psychological changes and needs of farmers, and provide them with more support and help, so that rural development and farmers' incomes can continue to grow. On November 27, the grain reserve directly under Huai'an City held a bidding procurement activity for japonica rice. The company successfully purchased 5,500 tons of new japonica rice produced in 2023, and all of them were sold. The reserve price was determined to be 2,860 yuan ton, and the average transaction price was 2,848 yuan ton, compared with 72 yuan ton a month ago. The smooth progress of this procurement activity has injected new vitality into the grain market in Huai'an City. At the same time, it also shows that the market demand for new japonica rice is not high, and it has been suppressed to a certain extent. At the same time, Fengji Cang Grain***, Qingjiangpu District, Huai'an City, also conducted a bidding procurement activity, purchasing 3,750 tons of japonica rice produced in Jiangsu in 2023. The reserve price was set at 2,880 yuan ton, and all transactions were made. This procurement exercise is further evidence of the lack of demand for japonica rice, which has remained at a relatively low level.

In addition to the above two companies, Changzhou Grain and Material Reserve Co., Ltd. also conducted a bidding procurement activity on November 27, purchasing a total of 2,400 tons of mid-to-late indica rice produced in Jiangsu and Anhui in 2023. All purchase orders were successfully concluded, with a floor price of 3,050 yuan ton, the highest price of 3,010 yuan ton, the lowest price of 2,970 yuan ton, and an average transaction price of 2,989 yuan ton, down 111 yuan ton from a month ago. The results of this bidding and purchasing activity show that the ** of mid-to-late indica rice is relatively sufficient, and ** shows a downward trend. To sum up, it can be seen from the results of these competitive purchases that the current supply and demand situation in the grain market is relatively stable. The demand for japonica rice is relatively low and has been suppressed to a certain extent, while the demand for mid-to-late indica rice is relatively abundant and shows a downward trend. The results of these competitive procurement activities provide a reliable reference for the stable development of the grain market. At the same time, it also reflects some of the realities of the grain market. The lack of demand for japonica rice implies a low consumer demand for it, which may be related to the characteristics and uses of japonica rice. The sufficiency of mid-to-late indica rice may be related to farmers' planting plans and production techniques.

In addition, the auction procurement activity may also be due to the fierce competition in the market, and buyers are pursuing a lower price while also reflecting the market's sensitivity to food. In the future development of the grain market, we need to pay more attention to the variety and quality of food to meet the diversified needs of consumers. At the same time, it is necessary to strengthen training and support for farmers in planting techniques, improve the quality and efficiency of grain, and provide more competitive products for the market. In addition, market supervision should also be strengthened to ensure the fairness and transparency of competitive procurement activities, so as to provide a strong guarantee for the stable development of the grain market. It is only through sustained reform and innovation that we will be able to achieve a thriving and sustainable development of the food market.

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