The minimum purchase price of wheat will be raised to 102 yuan / 50 kg next year.

In order to protect farmers' enthusiasm for growing grain and further promote the development of grain production, the state continues to implement the minimum purchase price policy in major wheat producing areas and appropriately raise the minimum purchase price level in 2012.

After being submitted to the State Council for approval, the minimum purchase prices of white wheat (third class, the same below), red wheat and mixed wheat produced in 2012 have all been raised to 102 yuan per 50 kg, an increase of 7 yuan, 9 yuan and 9 yuan respectively over 2011.