China: China Lowers Wheat Minimum Support Prices Again

  |   Attaché Report (GAIN)

Contact:

Office of Agricultural Affairs, Beijing   |   (011-86-10) 8531-3600

On November 16, 2018, China’s National Development and Reform Commission (NDRC) announced that it will lower its 2019 Minimum Support Price (MSP) for procurement purchases of domestic wheat under its temporary reserve program for the second consecutive year. In 2019, the wheat (3rd class) MSP price will be $325 per ton (RMB 2,240), down $8.70 (RMB 60) from 2018. The lower MSP will have a limited impact on marketing year (MY) MY2019/20 (July-June) planting intentions, because Chinese farmers completed winter wheat planting in mid-November 2018. 

China: China Lowers Wheat Minimum Support Prices Again

 

East Asia and the Pacific, China
Grains, Feeds and Fodders, Wheat

Database Source:

Related Reports

View More
Attaché Report (GAIN)

United Kingdom: Sustainable Aviation Fuel in the UK

As part of a broad push towards reducing carbon emissions in the aviation sector, the newly elected Labour government is seeking to bolster the United Kingdom’s (UK) Sustainable Aviation Fuel (SAF) industry, which builds on initiatives and policies...
Attaché Report (GAIN)

United Kingdom: Certain Voluntary Tariff Suspensions Extended to June 2026

On October 30, the Department for Business and Trade (DBT) extended over 220 voluntary tariff suspensions announced following the 2021 and 2023 application periods, through June 30, 2026. The announcement synchronizes multiple expiration periods...
Attaché Report (GAIN)

European Union: EU 2025 Promotion Programs for Agricultural Products

The European Commission will allocate €132 million (approximately $138 million) towards promotion activities for EU agri-food products in 2025.