Markets and Trade
AreaChina (Mainland)
Commodity GroupRice
Policy CategoryProduction
Policy InstrumentGovernment procurement, support prices
DescriptionAnnounced that the government procurement price for late/intermediate Indica and Japonica paddy during the 2024/25 season would remain unchanged year-on-year at CNY 129 and 131 per 50 kg (USD 359 and 364 per tonne), respectively. On the other hand, the government procurement price for early Indica paddy would be raised 0.8 percent above the 2023/24 level to CNY 127 per 50 kg (USD 353 per tonne).
NotesExchange rate as of 15 March 2024.