The "pain point" of corn deep processing industry needs to be solved urgently.

The corn deep processing industry is in dire straits. In August this year, in order to reduce the pressure of corporate losses, including Cofco, Yihai, Pengcheng biochemical and other starch processing began to shut down and reduce production, most of them are now in the state of stopping production or halving.

According to statistics, there are 58 corn processing enterprises in Heilongjiang Province, including 28 above scale, with an annual processing capacity of nearly 10 million tons. According to the statistics of Heilongjiang Corn Deep processing Industry Association, since last year's tide grain season, the whole industry of corn deep processing in the province has lost money, and many enterprises can not start work.

Apart from the rise in corn oil, the other three by-products have fallen sharply this year, with the prices of corn husks and corn meal almost halved. Take Shandong as an example, since July, the price of corn starch has dropped sharply from 2900 yuan / ton in June to 2500-2600 yuan / ton, and the loss of processing enterprises is 350400 yuan / ton.

Deep processing enterprises have made important contributions in digesting grain sources, increasing farmers' income and improving the use value of moldy corn, but affected by the collection and storage policy, the market price of corn has been distorted, and the deep processing industry has been upside down with corn prices for a long time. The demand for some raw materials has to turn to foreign countries, and the import of corn substitutes such as sorghum and cassava has reached more than 20 million tons, and there is a trend of continuous growth. To some extent, this slows down the process of corn destocking.

The focus of the country's contradiction in digesting old grain has shifted accordingly. Previously, from the perspective of food security, China has been more cautious in the development of fuel ethanol, a downstream corn processing industry. In the current situation that the supply of corn exceeds the demand, the inventory that has been formed needs to be dealt with urgently.

In 2000, China began to develop fuel ethanol based on corn and other raw materials, and added 10% to gasoline in Northeast China, Henan, Anhui and other places, which can consume about 4.5 million tons of corn every year. Some analysts believe that at this stage, we should let go of ethanol's demand for corn. At the same time, the "pain points" in the production and operation of processing enterprises are analyzed and solved.

Market researchers point out that it can be solved from the following four aspects. First of all, special subsidies such as freight charges should be introduced to encourage deep processing enterprises to give priority to purchasing surplus grain from farmers in areas with heavy mildew grains. Secondly, the standard of auction subsidy for northeast enterprises should be appropriately relaxed to improve the efficiency of subsidized auction. According to the subsidy method issued in July 2014 for northeast corn processing enterprises to bid for processing national temporary corn reserves, if the actual purchase volume is less than two months of processing volume, they may not get the subsidy. People related to the grain system in Heilongjiang Province suggest that the standard of auction subsidy can be appropriately relaxed, such as determining the subsidy threshold according to the processing volume of enterprises for about 20 days, so as to further mobilize the enthusiasm of enterprises to enter the market. Third, explore the commercial reserve model for processing enterprises to participate in the acquisition of supporting the market. The specific method is that the processing enterprises purchase corn according to the national market price during the tide grain period, compress the annual purchase volume to the tide grain period, and the enterprises consume this part of the inventory independently during the dry grain period. the state gives certain subsidies such as purchase fee, storage fee, drying fee and grain discount according to the minimum of the actual processing volume and storage capacity of processing enterprises during the dry grain period (May to October). But it is generally lower than the current cost of supporting the market by the state. If this model is adopted, it is necessary to establish a strict regulatory mechanism to ensure that enterprise inventory reserves are fully used for self-use processing and prevent them from fraudulently obtaining state subsidies. Fourth, implement export tax rebate for corn deep processing products to improve the export competitiveness of corn processing enterprises.

In the long run, market participants believe that the temporary reserve policy should be improved and the target price subsidy system should be actively explored. On the one hand, the temporary storage price should be set flexibly on the premise of ensuring the interests of farmers. On the other hand, we should pay close attention to the market price and improve the supervision mechanism, especially when the corn price is rising rapidly. once the market price reaches or exceeds the temporary storage price, we should stop the open purchase as soon as possible to avoid the occurrence of "circling grain" to obtain state subsidies.