The price of rice in the tight circulation area of japonica rice is stable.

In March, due to the rebound in demand and tight circulation, the domestic rice market was stable and strong, mainly reflected in the gradual rise of japonica rice, the basic stability of middle and late indica rice, and a slight increase in high-quality rice. The ex-factory price of rice in the producing area increased slightly due to the increase in processing costs, and the rice in the selling area remained stable.

The circulation of japonica rice is tight and the market is rising steadily.

In March, japonica rice in Northeast China continued to rise steadily, tight supply and stable demand were the main factors driving the market higher. By the end of the month, the price of round-grain rice with a rice yield of 70% and water content of 15% in Heilongjiang was 3160 yuan and 3,220 yuan per ton, while the purchase price of rice with a rice yield of 67% and moisture content of 15% in Panjin area of Liaoning was 3,380,3420 yuan per ton, an increase of 20,60 yuan per ton compared with the end of last month.

On the supply side, the purchase of japonica rice continued. As of March 25, various grain enterprises in seven major japonica rice producing areas, including Heilongjiang and Jilin, had purchased a total of 39.79 million tons of newly produced japonica rice, an increase of 6.86 million tons over the same period last year. The large amount of collection and storage led to tight circulation in the main producing areas of japonica rice. under the condition that the surplus grain of japonica rice in the hands of farmers bottomed out and the amount of reserve rotation was on the low side, the northeast japonica rice rose steadily in the middle and last ten days of March.

The grain supply of Jiangsu-Anhui japonica rice has been significantly reduced due to the further acquisition of japonica rice. Due to the limited enthusiasm for acquisitions, the price of japonica rice in Jiangsu and Anhui rose slightly after mid-March, but the trading volume was limited.

Stable high-quality rice of middle and late indica rice increased slightly

As the southern region started relatively early, after entering March, the market processing demand and consumption have entered a relatively stable period, coupled with the local reserve rotation has begun, the market supply of middle and late indica rice can basically meet the needs of enterprises, and the overall trend of middle and late indica rice is stable. However, the market still maintains a high interest in high-quality rice, and the market for high-quality rice remains strong and growing.

According to market information, the purchase price of new middle and late indica rice processing enterprises in Hubei is 2660 to 2700 yuan / ton, the same as the same period last month; the factory price of high-quality medium and late indica rice "Liangyou" series is 2840 to 2900 yuan / ton, up 40 yuan / ton; the ex-factory price of rice is 4500 to 4540 yuan / ton, slightly up 20 yuan; the purchase price of Huang Huazhan series is 3000,3080 yuan / ton, and the ex-factory price of rice is 4700 yuan 4760 yuan / ton, both slightly more than 20,40 yuan / ton over the previous month.

The processing cost is reduced and the rice in the sales area is stable.

According to agency monitoring, in late March, the wholesale price of round rice in Northeast China in Beijing market was 4500mm RMB 4540 / ton, and the wholesale price of long grain rice was about RMB 4880 / t; in Shanghai market, high quality japonica rice in Jiangsu was RMB 4500m, RMB 4900 in Northeast China, and RMB 4200m in Anhui; about RMB 4640 / ton in Northeast rice in Guangzhou market, RMB 3750m in early indica rice, RMB 3850 in ordinary indica rice, and RMB 4000m in rice late in Shanghai market.

The above prices are basically the same as last month. The main reason for the stable price is that the market supply expands with the full start of the enterprise, coupled with the beginning of reserve rotation in many areas, the purchase of low-cost rice also reduces the processing cost. At the same time, the rice traders in the sales area also try their best to maintain the supply price of rice in order to consolidate the channel.

Reduction in imported rice international rice prices drop slightly

Customs data show that China imported 67700 tons of rice in February, down 71300 tons from the same period last year and 54700 tons from the previous month, and imported 190100 tons of rice from January to February. In February, China exported 15100 tons of rice, an increase of 14500 tons over the same period last year and a decrease of 4200 tons compared with the previous month. From January to February, China exported a total of 34400 tons of rice.

Internationally, export prices for rice in most parts of Asia fell steadily at the end of March. According to agency data, Thailand's 5% breakage rate rice FOB is quoted at $390 / tonne, down $10 / tonne from last month and $15 / tonne lower than the same period last year. Vietnam's 5% breakage rate rice FOB quotation is $360 / tonne, unchanged from the same period last month and 35 US dollars / tonne lower than the same period last year. Pakistan's 5% crushing rate rice FOB price is 350 US dollars / tonne, unchanged from the previous month and 55 US dollars / tonne lower than the same period last year.

To sum up, consumer demand may shrink slightly as market supply is stable. Due to the full rotation of local reserves, its low prices will largely restrain the upward space for rice prices, and it is expected that the rice market will be mainly stable. It is expected that the market of ordinary rice may remain stable, and the price of high-quality rice will increase slightly.