The purchase and sale of double-section rice is active and the price of middle and late indica rice is low.

In mid-September, the new season middle and late indica rice in the main rice producing areas of southern China began to be harvested and listed in batches one after another. It is understood that during the growth period of middle and late indica rice this year (2015), the weather conditions are suitable, the precipitation is abundant, and the quality of new rice is generally good. At present (mid-September), the acquisition of middle and late indica rice is in slow progress, and the main buyers are grain processing enterprises and grain brokers, and the main purpose of grain processing enterprises is to process new rice to grab the fresh supply market. grain brokers are waiting for sale in order to grasp a certain source of low-priced grain.

With the advent of the "double festival" of the Mid-Autumn Festival and National Day, the purchase and sale of rice market tends to be active, and processing enterprises begin to purchase mid-and late-season rice one after another, but due to the meagre processing profits and the influence of low-priced imported rice, processing enterprises are still more cautious in purchasing new rice, resulting in a low-key debut of mid-late indica rice prices. According to monitoring, at present, the purchase price of medium and late indica rice enterprises in Wuwei area of Anhui Province in 2015 is 130-135 yuan / 100 jin, and the requirements of moisture and impurities meet the national standard, fluctuating no more than 0.5%. The purchase price of middle and late indica rice (third-class) in Chuzhou area is 135 yuan / 100 jin; the purchase price of third-class medium and late indica rice in Hefei is 131-132 yuan / 100 jin. Due to the different acquisition subjects, the purchase price difference of high-quality medium indica rice in the new season is about 5-8 yuan / 100 jin.

At present, a large number of middle and late indica rice will be put on the market in the new season, the characteristics of rice market policy market are gradually emerging, and the transaction price of policy rice auction has become the weather vane of the market. Statistics show that the state held 28 policy rice auctions from February 12 to September 1, 2015, with an average volume of 1.3184 million tons and an average transaction volume of 41900 tons, with an average transaction rate of 2.92%. Among them, the actual trading volume of middle and late indica rice on June 30 was 170500 tons, with a turnover rate of 12.58%, the highest of the year. Since June 16, middle and late indica rice was put on the market in 2014, the quality of rice is better than that of old rice, its use is more extensive, and it has filled the shortage of new rice in the market, so it has become the object of competition among enterprises. Since the purchase of mid-late indica rice on the market, the transaction rate of mid-late indica rice in 2014 was much higher than that of mid-late indica rice auctioned in 2013. with the continuous release of mid-late indica rice in 2014, the purchasing speed of enterprises gradually slowed down. this has led to a significant decline in the auction turnover rate in recent months (to September).

According to monitoring, middle and late indica rice was boosted to the second highest this year in January by factors such as the 2014 market support acquisition policy, the "document No. 1" and the Spring Festival stock season. Due to the subsequent Spring Festival holiday, the end of the support market and other effects, the opening rate in February was low and the purchase and sale was light, and the price began to fall gradually. During the period from March to June, on the one hand, the quantity of imported rice decreased sharply at the beginning of the year, alleviating the impact of low-price imported rice on the domestic market; on the other hand, due to the purchase of a large number of 2014-grown rice in the supporting market, the quantity of rice in circulation decreased, especially the tight supply of high-quality rice pushed up rice prices. In addition, the preparation of stocks during the Dragon Boat Festival also stimulated rice consumption to a certain extent, making the price of middle and late indica rice reach the highest level in the first half of the year in June. According to the experience of previous years, the period from June to August is the period of green and yellow disconnection of middle and late indica rice, and the price of middle and late indica rice will rebound at this stage. however, throughout the trend of this year, the price of medium and late indica rice in China has shown a trend of continuous decline from June to August. The reason is that a large number of old rice has been put on the market, which aggravates the oversupply and suppresses the price of rice. Second, the consumption off-season, terminal demand continues to be depressed, there are no good factors in the market; third, the influx of imported rice, obvious price difference, rice blending phenomenon is common, processing enterprise profits are meagre, the operating rate continues to decline.

Although the policy rice auction is suspended at present, the continuous auction and low transaction rate in the early stage show the imbalance between supply and demand in the market. with the listing of a large number of medium indica rice in the new season, the rice supply pressure is expected to continue to increase in the later stage. On the demand side, although there is a "double section" positive stimulus, under the background of the overall oversupply of late indica rice, it is expected that the market price of middle and late indica rice will remain stable and weak after a large number of late indica rice is listed on the market. In terms of acquisition, as the lack of warehouse capacity will limit the ability of grain depots to collect grain, food and agriculture will sell the harvested grain at the random market price given by grain brokers, and the minimum purchase price policy set by the state will be difficult to implement on some farmers.