Grain Purchase

By CnAgri2012-10-16 13:07:10 Print

Summer grain purchase was in its late stage, and the speed of purchase slowed down significantly.

By 15th Sep, total purchase volume of summer grain in main production areas accounted to 63.789million MT, of which the state owned enterprises purchased 43.411million MT, about 68.05% of the total quantity. In comparison with last year, the total purchase quantity and state owned enterprise purchase quantity increases by 3.601million MT and 4.232million MT separately.

For details:
With reference to wheat, by 15th Sep, the total amount of 2012 wheat purchased was up to 55.656 million MT, up by 3.411 million MT compared with that of the same period in last year, of the above total amount, state owned enterprises purchased 37.91million MT, up by 4.01million tons on the basis of last year, accounting for 68.11% of the total amount.

Wheat purchase in Henan: By 25th Sep, the volume of wheat purchase in Henan totaled to 16.64million MT, down by 0.167million MT year on year, among them, 9.815million MT wheat was purchased at the lowest price; 68.25million MT was purchased at purchase price, down 9.98million MT on the year-on-year basis.

With reference to early indica paddy, the total amount of 2012 early indica paddy purchased by various grain management enterprises in the 8 main production provinces such as Jiangxi and Hunan was up to 8.133million MT, up by 0.19million MT compared with last year; of the above total amount, state owned enterprises purchased 5.501million MT, accounting for 67.64% of the total amount, up by 0.222 million MT compared with last year.

Besides, the total amount of 2012 rapeseed purchased by various grain and oil enterprises in the 12 main production provinces such as Hubei and Sichuan was up to 5.861million MT, up 0.691million MT compared with last year; of the above total amount, state owned enterprises purchased 4.066million MT, accounting for 69% of the total amount. SINOGRAIN consigned enterprises purchased 3.749million MT of national-temporary-reserve rapeseed.

Regarding the price, current purchase price was stable on the whole.

From “China Grains Market Weekly Report”