This year, the price of corn harvesting and storage will be reduced by 220 won 260 yuan per ton.

The main body of acquisition has increased, taking longer than in previous years.

Last weekend, the National Development and Reform Commission, the State Grain Administration, the Ministry of Finance and other departments jointly issued the "notice on the acquisition of temporary Storage Corn in Northeast China in 2015" (hereinafter referred to as the notice). The circular said that with the approval of the State Council, the country will continue to implement the temporary corn collection and storage policy in the three northeastern provinces and Inner Mongolia Autonomous region this year.

According to the corn collection and storage policy announced by the government in 2013 and 2014, the Futures Daily reporter found that this year's corn collection and storage policy has changed greatly in terms of the main body of corn collection and storage, purchase price and purchase time, as well as how to check the quality of corn collection and storage. and how to deal with substandard corn has also made detailed regulations.

First, the main body of corn collection and storage has expanded again this year. In 2013, only the China National Grain Reserve Management Corporation was the main body of collection and storage. In 2014, the main bodies of collection and storage include China National Grain Reserve Management Corporation, COFCO Group Co., Ltd., and China National Textile Corporation. However, the collection and storage scale of COFCO Group Co., Ltd. and China National Textile Group Corporation are divided according to 5 million tons and 1 million tons respectively. This year, the main bodies of collection and storage are China National Grain Reserve Management Corporation, COFCO Group Co., Ltd., China National Textile Corporation, and AVIC. Among them, the storage scale of COFCO Group Co., Ltd., China National Textile Corporation and AVIC Industry Corporation is allocated according to enterprise storage capacity and management capacity.

Second, the price of corn harvesting and storage has been greatly reduced this year, with a reduction of 260 yuan per ton in each producing area. The corn purchase and storage prices in 2013 and 2014 are the same. The national temporary storage corn listing price (national third-class quality standard) is 2260 yuan / ton in Inner Mongolia and Liaoning, 2240 yuan / ton in Jilin and 2220 yuan / ton in Heilongjiang. This year, the purchase price of each producing area is 2000 yuan / ton.

Third, this year's corn acquisition time is relatively long. The documents on the collection and storage policy in 2013 and 2014 were drawn up on November 22 and November 25, respectively. This year is September 17, and the implementation time of the collection and storage policy is all from November 1 of that year to April 30 of the following year. By contrast, corn has been harvested for a long time this year.

Fourth, this year's collection and storage policy also sets specific requirements on how to deal with corn that does not meet quality standards, but there are no requirements in 2013 and 2014. The corn of substandard quality this year shall be purchased by the local government in accordance with the provincial governor's responsibility system for food safety and the local responsibility system for food safety. If the mildew content in the imperfect grain is more than 2%, it should be used according to the prescribed purpose. The relevant expenditure shall be arranged by the local government as a whole, and the insufficient portion can be expended from the grain risk fund.

"this year, the corn collection and storage policy was announced in advance, among which the purchase price was greatly reduced, which is consistent with the situation of corn production in China this year and the current development trend of market prices." Qiang Sheng, a grain trader in Nanjing, told Futures Daily that the adjusted corn collection and storage policy has changed compared with previous years, and this year is closer to the reality of the market, which will have an important impact on China's corn planting, circulation and price. In particular, it is worth noting that the policy adjustment will also have an impact on the import of corn, DDGS, sorghum and barley, and eventually promote the adjustment of crop planting structure in China.

In recent years, the planting area of corn in China has increased rapidly. Due to low labor, low material input and high income, corn has been planted in many areas in Northeast China and other areas that are not suitable for growing corn. This causes not only the imbalance of crop planting structure in some areas, but also the imbalance of market supply varieties, which is not conducive to increasing farmers' income and improving the ability to resist market risks, but also not conducive to the long-term healthy development of China's agricultural industry. The government's adjustment of this year's corn collection and storage policy will help to guide farmers to change their planting structure, and more importantly, it will help the corn market mechanism to play a role, weaken the impact of the policy on the market, and weaken the impact of imported corn on the domestic market and related industries.