China: China Lowers Wheat Minimum Support Prices Again

  |   Attaché Report (GAIN)

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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

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