The state has added domestic soybean purchases and storage in Heilongjiang and Inner Mongolia in China

Published 2023년 3월 10일

Tridge summary

Soybean market prices in China have been fluctuating due to factors such as planting expansion, production increase, weak downstream consumption, and the new crown epidemic. Prices have dropped more in the Northeast, leading to increased sales pressure. In response, departments and localities are focusing on market-based acquisitions, improving docking services for soybean production and sales, and implementing policy-based purchasing and storage of soybeans to stabilize the market and ensure farmer income. China Grain Group Co., Ltd. has announced a plan to purchase domestically produced soybeans from the major production areas of Heilongjiang and Inner Mongolia, setting the purchase price for the new season at 2.775 yuan per catty, around 5 cents higher than the previous price.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since soybeans went on the market in the fall of 2022, affected by factors such as soybean planting expansion and production increase, weak downstream consumption, and the new crown epidemic, market purchase prices have gone up and down. Soybean prices in some major production areas in the Northeast have fallen more, and sales pressure has increased. While promoting market-based acquisitions and strengthening the docking services of soybean production and sales, departments and localities are actively doing a good job in policy-based purchasing and storage of soybeans, playing an important role in reserve regulation, stabilizing soybean market expectations, and ensuring farmers' income from growing grain. Recently, according to relevant national Arranged by the department, China Grain Group Co., Ltd. launched a plan to purchase domestically produced soybeans in 2022 in the ...

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