Grain Spot Price Index and Processing Profit

By CnAgri2012-12-11 10:49:33 Print Comprehensive price indexes of both agricultural products and processed grain increased a certain extent. With the end of the 18th congress and low CPI in October, national control over price weakened. Raw-grain price kept stable.
 
Processing profit of alcohol and flour decreased and rice and starch recovered. It is predicted recovery of processing profit of rice shall be depressed by the start of minimum purchasing price policy for keng rice in SC.
 
Bottom of domestic market price for grain was based on national minimum purchasing price policy, which favored market stability in the later period. Reasonable dropping of domestic raw grain price is good for development of the whole economy.
 
International grain spot price index decreased, depressing by production increase in China. But with the support of minimum purchasing price to global market, decreasing range is predicted to be limited.



From “China Grains Market Weekly Report”