The price of early indica rice declined and the trading volume of middle and late rice rose in 2014.

From June 26 to July 2, early indica rice in Tuoshi City, Hubei Province sold zero at auction in 2013. the transaction price of early indica rice in 2012 showed a downward trend at ground storage auctions. the average transaction price in June dropped from 2380 yuan / ton in January to 2158 yuan / ton, a decrease of 9.3%. The purchase price of early indica rice in 2014 is also lower than the market price. The average purchase price of common early indica rice in Wuhan, Jingzhou, Xianning and Huanggang is 1.25-1.29 yuan / jin, and the average purchase price of high-quality early indica rice is 1.32-1.35 yuan / jin. Corresponding to the depressed early indica rice market, middle and late indica rice transactions were active in the production and support city of Hubei Province in 2014. On June 30, Wuhan plans to sell 200944 tons of mid-late indica rice in 2014, with an actual transaction of 122323 tons, with a transaction rate of 60.87%, with an average transaction price of 2813 yuan per ton.

Although with the doubling of volume, the transaction rate has declined, but the actual trading volume has risen sharply. The main reason is that high-quality mid-late indica rice is less tolerant to storage and faster nutrient loss than ordinary indica rice, so there is a large proportion of medium-and late-quality varieties of medium-and late-season indica rice previously put on the market in Hubei Province in 2014, coupled with the shortage of high-quality food sources in the market. the demand is large, so it is sought after by the market, and even some high-quality indica rice flows outside the province through traders.