ANNOUNCEMENT 01 Feb 2017

February 2017 - The Chinese government announced the minimum purchase price of rice would decrease for the year.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

PRC National Development and Reform Commission, February 2017. (发改价格〔2017〕307号)
http://www.ndrc.gov.cn/fzgggz/jggl/zcfg/201702/t20170223_838934.html

Inception date: 01 Jan 2017 | Removal date: 31 Dec 2017
Still in force

Price stabilisation

In February 2017, China's National Development and Reform Commission announced the minimum state purchase price of rice would change thus:

Key - Type: price USD, CNY (change USD, CNY)

  • Type: price USD, CNY (change USD, CNY)
  • Early season: 378.47, 2600 (-8.73, -60)
  • Mid-late season: 395.94, 2720 (-5.82, -40)
  • Japonica: 436.70, 3000 (-14.56, -100)

N.B.: All prices are per tonne.

The minimum state purchase price is the amount at which the government buys rice from farmers at the minimum price when the market price drops below that level.

AFFECTED SECTORS

 

AFFECTED PRODUCTS