MySheen

Industry point of view: auction subsidies stimulate the rise of japonica rice trading rate

Published: 2024-11-21 Author: mysheen
Last Updated: 2024/11/21, The amount of auction subsidy in Heilongjiang Province has been upgraded from 100 yuan / ton issued on April 17 to 200 yuan / ton on June 12, mainly by 102 rice factories with a production capacity of more than 100,000 tons in Heilongjiang. According to monitoring, under the influence of this policy, the turnover of stored japonica rice auction increased throughout July.

The amount of auction subsidy in Heilongjiang Province has been upgraded from 100 yuan / ton issued on April 17 to 200 yuan / ton on June 12, mainly by 102 rice factories with a production capacity of more than 100,000 tons in Heilongjiang. According to monitoring, affected by this policy, the turnover of stored japonica rice auctions increased throughout July, with a total turnover of 474000 tons at five japonica rice auctions. The ex-factory quotation of 14-year round grain rice in a large rice factory has been lowered to the current price level of 2.16-2.20 yuan / jin, with a monthly reduction of about 0.03 yuan / jin. Small rice mills have been hit to stop production, and large rice mills picked up delivery in July amid reduced supply. With the stimulation of the auction subsidy policy, the number of large rice factories participating in the auction has increased, and it is expected that round rice prices may continue to decline in the later stage.

 
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