The State Grain and Material Reserve Bureau held a press conference today (14) to introduce the preparations for the summer grain purchase in 2020. It is understood that at present, China's summer grain and oil production situation is better, and it is expected to obtain a good harvest. The output is expected to remain at a relatively high level; the purchase volume is steadily increasing. Rapeseed is about 2.4 million tons.
It is understood that since this year, all localities have seriously implemented the central government's deployment requirements for "stabilizing policies, stabilizing area, and stabilizing output", vigorously grasped grain production, and further optimized the planting structure according to market demand. At present, there is more than enough balance between wheat production and demand, rice production is greater than demand, coupled with ample policy stocks, the overall supply is loose. Under this background, the purchase price will be mainly stable. It is expected that the prices of common varieties will fluctuate around the minimum purchase price, and some regions are more likely to initiate the minimum purchase price to execute the plan.
According to preliminary analysis, this year's summer grain acquisition will continue to present a good situation in which market-based acquisitions and policy acquisitions are carried out simultaneously. (Li Juan, CCTV reporter)