The fire of stale grain auction indicates that demand will exceed supply in grain market

Introduction: Recently, the auction and auction of stale grain held in Nanjing was very fierce, with 158000 tons of wheat sold by Jiangsu grain and oil commodity trading market Ye Rusheng, director of the regulation department of Jiangsu Grain Bureau, said the auction indicates that the grain market is changing from a buyer's market to a seller's market According to Ye Rusheng of I4m, China's grain production has had a good harvest for four consecutive years since 1996, resulting in serious overstocking and falling grain prices In 1998, the price of red and white wheat was 0.72 yuan and 0.76 yuan per Jin, respectively In 2002, the price dropped to 0.40 yuan and 0.52 yuan per Jin Since the end of 2001, the state has carried out market-oriented reform of grain purchase and sale through measures such as canceling grain ordering and liberalizing the market The main purpose is to adjust the structure of agricultural products by reducing inventory, so that six provinces and cities in the eastern part of China can free up the market for the major grain producing provinces, promote the rise of grain prices and increase the income of farmers Judging from today's auction situation, the national macro-control policy has achieved initial results Take Jiangsu as an example During the Ninth Five Year Plan period, the supply of grain market in Jiangsu Province exceeded the demand Before 2000, the annual grain demand of Jiangsu Province was between 61 billion and 62 billion jin, and the annual grain output was about 68.5 billion jin After 2000, the annual grain output of Jiangsu decreased from 58 billion jin in 2000 to less than 57 billion jin this year The grain market has been in short supply for three consecutive years It needs to transfer grain from other provinces, and the overstocked inventory has released 5 billion jin The auction price of the aged grain was unexpectedly high, said Ye Rusheng, an I4m seller More than 80 enterprises from 12 provinces participated in the auction The lowest transaction price of wheat is 840 yuan / ton, and the highest transaction price is 980 yuan / ton There are no first-class bids for more than 300 bids The wheat auctioned on the 30th came from 12 cities and counties in Jiangsu, including Nanjing, Xuzhou, Changzhou, Suzhou, Nantong, Lianyungang, Huai'an, Yancheng, Yangzhou, Zhenjiang, Taizhou and Suqian, with a total amount of 298000 tons, including 14000 tons of rice and 158000 tons of wheat I4m