Huaibei City continues to implement the policy of minimum purchase price for wheat in 2017.

According to monitoring and understanding, in order to protect farmers' enthusiasm for growing grain and promote the development of grain production, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture, the State Grain Administration and the Agricultural Development Bank of China jointly issued the Circular on announcing the minimum purchase Price for Wheat in 2017, and the state will continue to implement the minimum purchase price policy in major wheat producing areas in 2017. To this end, the Huaibei Municipal Development and Reform Commission (Price Bureau) set the minimum purchase price for wheat, taking into account the cost of grain production, market supply and demand, domestic and foreign market prices and industrial development and other factors, the lowest purchase price of wheat (third-class quality) produced in Huaibei City in 2017 is 118 yuan per 50 kg, equivalent to 2.36 yuan per kilogram, keeping the 2016 level unchanged.