In 2014, the mid-late rice market was launched in Heilongjiang and Hunan provinces

At present, the market price of new mid-late rice in Heilongjiang and Hunan provinces has fallen to the lowest purchase price announced by the state, which is in line with the conditions for the implementation of the lowest purchase price. In order to conscientiously implement the national policy of strengthening farmers and benefiting rich farmers and effectively protect the interests of grain farmers, with the approval of the State Grain Administration, the implementation plan of the lowest purchase price for middle and late rice in 2014 was launched in Hunan Province from October 30 and in Heilongjiang Province from November 1.

So far, among the eight southern provinces that have implemented the plan of minimum purchase price for middle and late rice, seven provinces, including Anhui, Sichuan, Hubei, Henan, Jiangsu, Jiangxi and Hunan, have launched the plan. Heilongjiang Province has become the first northeast producing area to launch the plan of minimum purchase price for middle and late rice.