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Review & Outlook
Analysis on China¡¯s Rice Market
Recently, the price of rice market showing a different tendency: in rice production and marketing area. In the production area, the price of polished round-grained rice dropped, the price of early polished long-grained has the rising tendency and for the middle-later polished long-grained no glutinous rice, the price is stable. In the marketing area, the price of common rice has a little dropped, for the high-quality rice, the price is stable and rise for the polished glutinous rice. It is estimated that the quotation of Chinese rice will assume small range shake.
Since April 2003, the price of japonica rice dropped in the production and sales region. The main reason is that firstly, since April 2003, a large quantity of japonica rice appeared on the market and the demand decreased, especially the pressure that huge stocked of rice seeds appeared in the market. It¡¯s comprehended, confront the end of the seeds market, the low price and not sell well, forcing many rice seeds companies sell huge stocked of rice seeds as the commodity rice, just in Lianyungang area till 5 thousand ton.
Confront the rice market, the rice production factories purchased carefully. The hesitating psychology intensity the price of this kinds of rice dropped.
The local government changed the policy of purchased farm production in Northeast of China, reduce the protect price and steps to purchase and sale market, the farms dumped the rice, its make the price low continued in this area.
The pressure of the new rice that appeared on the market soon, impacted the rice market in south of China.
The tendency of the price of polished glutinous rice increased still in some area.
With the seasonal demand, the price of polished glutinous rice already increased in the main production area (Anhui province) recently. The storage is changed very limited. The Chinese folk festive (Duan Wu, in the middle of June) is the peak period for this kinds of rice. It¡¯s estimated the tendency of the price of this rice will in creased fast, in the supply market at the present situation.
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