Announcement of the 2016 Minimum Purchase Price for Paddy Rice
Release Date:
2016-02-04
On February 4, 2016, the National Development and Reform Commission issued the “Notice on Announcing the 2016 Minimum Purchase Prices for Rice,” which stipulated that the minimum purchase price policy would continue to be implemented in rice-producing areas in 2016. The minimum purchase prices for early-season indica rice (Grade 3, same below), medium- and late-season indica rice, and japonica rice produced in 2016 were set at RMB 133, RMB 138, and RMB 155 per 50 kilograms, respectively. The price for early-season indica rice was reduced by RMB 2 compared with 2015, while the prices for medium- and late-season indica rice and japonica rice remained unchanged from 2015 levels.
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