China has lifted the minimum state procurement prices for semilate and late rice to protect farmers’ interests, the top economic planner said Saturday. The National Development and Reform Commission (NDRC) told Xinhua that it has set the minimum procurement price for this year’s indica rice at 2,700 yuan (435.62 U.S. dollars) per tonne, up from 2,500 yuan per tonne last year…Full-text article: Xinhua Sep 2013

Key point

  • According the article, the minimum price for semilate and late japonica rice was increased from the 2012 price of CNY 2,800 to 3,000 (US$457 to $490) per MT
  • The price increases will affect the regions of Liaoning, Jilin, Heilongjiang, Jiangsu, Anhui, Jiangxi, Henan, Hubei, Hunan and Sichuan, and Guangxi Zhuang Autonomous Region

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