Area
China (Mainland)
Commodity Group
Rice
Commodity
All
Date
02/02/2016
Policy Category
Production
Policy Instrument
Support prices
Description
Decided to keep government paddy procurement prices for the 2016 season unchanged at CNY 138 per 50 kg bag for late/intermediate Indica (USD 428 per tonne) and at CNY 155 per 50 kg bag for Japonica varieties (USD 481 per tonne). In the case of early Indica paddy, procurement prices were lowered by 1.5 percent year-to-year to CNY 133 per 50 kg bag (USD 412 per tonne).
Notes
Exchange rate as of 1 April 2016.
