AreaChina (Mainland)

Commodity GroupRice

CommodityAll

Date01/03/2024

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.