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Development and Reform Commission: the minimum purchase price of wheat in 2016 is 118 yuan per 50 kg.

Published: 2024-11-21 Author: mysheen
Last Updated: 2024/11/21, Notice on the announcement of the minimum purchase Price for Wheat in 2015 Development and Reform Commission, Price Bureau, Finance Department (Bureau), Agriculture Department (Bureau, Committee, Office), Grain Bureau, Agricultural Development Bank Branch of provinces, autonomous regions and municipalities [2016] No. 2301: to protect farmers

Notice on the announcement of the minimum purchase Price for Wheat in 2016

The revised price [2015] No. 2301

Development and Reform Commission, Price Bureau, Finance Department (Bureau), Agriculture Department (Bureau, Committee, Office), Grain Bureau and Agricultural Development Bank branches of all provinces, autonomous regions and municipalities directly under the Central Government:

In order to protect the interests of farmers and prevent "cheap grain from harming farmers", the state continued to implement the minimum purchase price policy in major wheat producing areas in 2016. Taking into account the cost of grain production, market supply and demand, domestic and foreign market prices and industrial development and other factors, with the approval of the State Council, the lowest purchase price of wheat (third-class) produced in 2016 is 118 yuan per 50 kg, maintaining the 2015 level unchanged.

In view of the fact that wheat is about to be sown on a large scale, all localities should conscientiously publicize the policy on the minimum purchase price of grain, guide farmers to plant reasonably, and promote the stable development of grain production.

National Development and Reform Commission

Ministry of Finance

Ministry of Agriculture

National Bureau of Grain and Food

Agricultural Development Bank of China

October 10, 2015

 
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