Ministry of Agriculture and Rural Affairs: The total supply of corn market throughout the year is sufficient and should not be sustained.

BEIJING, Aug. 26 (Xinhua) -- China's imports of alternatives such as corn and barley have increased with the listing of new corn and the overall easing of global corn, Tang Wei, Director of the Marketing and Information Technology Department of the Ministry of Agriculture and Rural Affairs, said at a press conference held today.
the corn market supply is sufficient for the whole year, and prices are expected to level off.
all kinds of market subjects to maintain a good pace of purchase and sale, should not continue to hoard grain bullish.
is one of the three main grains in Our country, which has a wide range of uses and a long industrial chain.
this year's Spring Festival, domestic corn prices continue to rise trend.
since may 28th, when the national auction sales of corn were launched, the market price of corn has continued to strengthen, even using the word "hot".
present, the average purchase price of corn in Northeast and North China has reached about 2150 yuan and 2400 yuan per ton, respectively, up about 30% from the beginning of the year, the short-term increase is more obvious, the year-on-year increase of nearly 25%.
in response to this phenomenon, Tang said, the Ministry of Agriculture and Rural Affairs organized by the scheduling analysis shows that the current corn market situation has two big judgments: First, corn prices are restorative rise, generally in a reasonable range.
This year, with the continued recovery of pig production capacity, as well as the new crown pneumonia epidemic prevention and control situation improved, deep processing enterprises to improve the rate of operation, corn downstream demand to good, and with the end of the auction of near-storage corn, capital speculation and irrational grain hoarding intensified, jointly pull corn prices appeared a relatively large increase.
, the price level of corn in Northeast China is lower than the 2,240 yuan per ton reserve price in 2014, and lower than the previous market price record high, still a restorative rise.
prices of grain will increase farmers' income and increase their enthusiasm for growing corn in the coming year.
is that the current corn market supply is generally guaranteed, the price will gradually stabilize later.
the pre-sale of the Linsak corn will be one after another out of storage, the current whole society inventory can meet the autumn grain market before and after the market consumption demand.
with the new corn market, coupled with the global corn generally loose, China's corn and barley and other substitutes imports increased.
the corn market supply is sufficient for the whole year, and prices are expected to level off.
all kinds of market subjects to maintain a good pace of purchase and sale, should not continue to hoard grain bullish.
Tang said at a press conference that the Ministry of Agriculture and Rural Affairs will continue to improve policy measures, continuously improve corn production capacity, stable development of corn production, improve corn quality and yield level, based on domestic protection of basic self-se0cissation of corn.
hope that all parties can rationally view the normal fluctuations in agricultural prices, and that reasonable price increases will help stimulate production and supply and promote the balance between supply and demand in the market.
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