Rice prices come out of the doldrums and corn prices hit bottom and pick up.

According to data released by the Anhui Provincial investigation team of the National Bureau of Statistics, the price of grain production in the province rose 4.3% in the third quarter of 2014 compared with the same period last year. Among them, rice prices rose 6.3% year-on-year, wheat prices rose 2.4%, and corn prices rose 3.9%. As the total output of autumn grain this year will exceed that of last year, grain prices remain generally stable for the whole year.

After more than a year of downturn, rice prices have increased year on year so far this year, including 1.8 per cent in the first quarter, 5.3 per cent in the second quarter and 6.3 per cent in the third quarter. In the third quarter, the price of early indica rice in the province was 2.55 yuan / kg, up 6.3% from the same period last year. This year, the opening price of early indica rice in most areas is about 2.5 yuan / kg. Later, after the protective price was started, the price rose to about 2.6 yuan / kg. As the overcast and rain that lasted for nearly two months prolonged the growth period of middle and late rice, and delayed the harvest and marketing of new medium and late indica rice in 2014, the price of medium indica rice in the province was 2.63 yuan / kg in the third quarter, up 5.2 percent from the same period last year. The price of japonica rice was 2.84 yuan / kg, up 14.1% from the same period last year.

The price of corn in the province bottomed out and rebounded. Corn prices in the province rose 1.4% in the first quarter compared with the same period last year. Affected by the continuous decline in pig prices and reduced feed demand in the second quarter, corn prices fell to 2.08 yuan / kg from 2.15 yuan / kg in the first quarter, down 0.5% from the same period last year. In the third quarter, corn prices rose to 2.38 yuan / kg, up 3.9 percent from the same period last year. As July and August is the season when the supply of corn is green and yellow, farmers have less corn in stock, and farmers are more willing to sell, and corn prices rise rapidly after late August. At the same time, due to the drought in Northeast China and Henan Province, corn production tends to decrease, which increases the bullish expectation of corn prices. At present, the price of livestock and poultry is rising, and the demand for feed in breeding has increased, which is also an important factor in driving up the price of corn.

According to the latest monitoring data, the overall trend of grain prices has stabilized since late October. The out-of-stock price of corn monitored in early November was only 1.6 yuan higher than that in late October, and the retail prices of early indica rice, medium indica rice, late indica rice and late japonica rice were mixed, of which the retail price of early indica rice was about 1 yuan lower than that in late October, while that of late indica rice was about 2 yuan higher. According to the analysis of the Provincial Committee of Agriculture, due to the expansion of the planting area of autumn grain this year, natural disasters are lighter than in previous years, the overall harvest of autumn grain has been decided, and the total output will exceed that of last year. With the large-scale entry of autumn grain into the market, grain prices are expected to continue their current steady trend.