Wheat Protective Procurement Price Raised

By CnAgri2013-10-22 11:36:00 Print The State Development Commission has decided to raise wheat protective procurement price to RMB118/50kg (for Grade Three) in 2014, up RMB6/kg or 5.36% on the year-on-year basis.
 
The price is far below the current market price level. Since wheat harvest this year, wheat market price has shot up 13.46%. It is considered that the government intends to prevent any grain price hike.




From “China Grains Market Weekly Report”