Autumn grain policy purchases are fully rolled out

According to the notice issued by the National Development and Reform Commission and other four ministries and commissions, the China Grain Storage Corporation, as the main body of the temporary corn collection and storage policy entrusted by the state, together with relevant parties, will start the temporary collection and storage of 2015 corn in Northeast China (including Heilongjiang, Jilin, Liaoning and Inner Mongolia Autonomous region) from November 1. Prior to this, since late September, medium grain reserves have successively launched the purchase of middle and late rice at the lowest purchase price in nine major rice producing provinces. This indicates that the policy acquisition of autumn grain has been rolled out in an all-round way.

With the start of the national corn temporary collection and storage policy, corn prices have stabilized in the grain market in North China and Huang-Huai region. In the northeast, corn prices also show signs of picking up.