The global price of agricultural products is in the doldrums and the purchase of wheat to support the market is intensified.

The reporter learned from the Grain Bureau of Hebei Province that Hebei Province has launched the "implementation Plan for the minimum purchase Price of Wheat in 2015" (hereinafter referred to as the "Plan") since September 11.

Since August, the purchase price of wheat in Hebei Province has continued to decline, and the current market purchase price has been lower than the minimum purchase price determined by the government. In order to maintain the market price of wheat in Hebei Province at a reasonable level, effectively protect farmers' interests, increase farmers' income from growing grain, and mobilize farmers' enthusiasm for growing grain, the relevant departments launched the "plan" in a timely manner.

According to the provisions of the "plan", the purchase of the minimum purchase price of wheat in the main domestic producing areas will end on September 30. Hebei Province launched the "plan" at this time mainly because the price of the current domestic wheat market is declining rapidly. and has had an impact on the price of wheat in Hebei Province, which has been relatively strong for many years.

"since the government implemented the minimum purchase price policy in the wheat market in 2006, the wheat market price in Hebei Province has been higher than the lowest price set by the government in most of the time. Hebei Province has not launched a" pre-plan "for many years." Zhao Wei, a wheat trader in Shijiazhuang City, Hebei Province, told the Futures Daily that Hebei wheat is mainly sold to Beijing, Tianjin, Shandong and other places, and there are many wheat end users such as large flour enterprises and instant noodle production enterprises in Hebei Province. the wheat market has been in a state of tight supply, and wheat needs to be transferred from Henan and other major wheat producing areas to meet the demand, but the market situation this year is quite abnormal. Since Xinmai was listed on the market. There has been no improvement in the national wheat demand, while a large number of wheat produced in Hubei and Henan have moved northward with the advantage of low prices, squeezing out the market share of wheat produced in Hebei, resulting in a continuous decline in wheat prices in Hebei market.

Zhao Wei told reporters that in order to facilitate the delivery and sale of wheat by farmers, the Beijing Branch of China Grain Storage, together with the Hebei Provincial Grain Bureau and the Provincial Agricultural Development Bank, have jointly identified 45 wheat storage sites, distributed in six major wheat producing cities. Starting from September 11, wheat storage sites will purchase this year's new wheat sold by farmers in accordance with the minimum purchase price set by the government and relevant quality standards. Due to the short time from the end of the acquisition, it is estimated that the minimum purchase price of wheat in Hebei Province is limited.

According to data released by the State Grain Administration, as of September 5, grain enterprises of various types in nine major producing areas, including Henan and Jiangsu, had acquired 60.98 million tons of wheat this year, a decrease of 9.53 million tons over the same period last year. At the same time, in order to solve the problem that it is more difficult for farmers to sell poor quality wheat, Hubei, Henan and other provinces have also invested a large amount of money to support local state-owned grain enterprises to carry out acquisitions, thus solving the problem of difficulties for farmers in selling grain in some producing areas. protected the interests of farmers.

At present, the price performance of agricultural products around the world is relatively low, and the stocks of domestic agricultural products such as wheat, corn, and rice are very large. coupled with the prospect of a bumper harvest in the new season, the market expects that even if the major producing areas increase the purchase of wheat, wheat prices will still hover at low levels.

During the interview, the reporter learned that apart from the weak demand, the continuous expansion of China's wheat planting area and the continuous increase in wheat production over the years are also the main reasons for the decline in wheat prices this year.