"Rice Exclusive" rice prices have risen to stage highs

In November, The spot price of rice in China as a whole showed a stable upward pattern. However, in December, with the end of the rice phased stocking work, rice enterprises have been delisted for on-demand procurement, and the market will be dominated by the overall policy-oriented trust market, so the price of rice has risen to a stage high, the probability of continuing to rise is not large, and some grain holders can realize in time to lock in profits.

Japonica rice is weak in the north and strong in the south

In December, the rice prices in Jilin and Liaoning provinces, the main producing areas of japonica rice in the north, have tended to stabilize, and most of them are mainly purchased by market-oriented rice enterprises. Due to the fact that rice enterprises in the past year were mostly in a state of loss, this year's acquisition was more cautious and just needed to be purchased, and with the end of downstream stockpiling, rice prices will be stable and weak. As a major grain producing province Heilongjiang since november 8 to start the work of rice trust city, the effective warehouse capacity reached more than 10 million tons, with the grass-roots road cleaning usually after the progress of the city accelerated, so after the end of the city, the total amount of the city is expected to exceed last year, so the price of round-grain rice will fluctuate around the price of the city, and the rice with low moisture and high rice rate in the later period may have a slight upward space. In terms of long-grain rice, rice prices have a slight downward trend in the past two weeks as the plant operating rate has declined. In view of this month, it is expected that rice prices will show a weak trend, and rice enterprises will cautiously add up on last year's old rice, and the market is in a state of oversupply.

The price of late japonica rice in Jiangsu production areas has continued to rise since October, mainly due to the impact of provincial local rotation centralized procurement, and the bidding purchase price has reached more than 1.55 yuan / catty, which has aggravated the reluctance to sell farmers. But behind the high price and reluctance to sell also hides the risk, from the survey of the situation of the large planters and traders in the hands of rice more, once the storage of the warehouse does not rule out the rice prices as in 2018 as in the cliff-like decline, after all, the rice market status quo is well known, once the traffic tension in the northeast region has been alleviated, a large number of grain sources will also form a big impact on the production area.

Indica is mainly rotated

Up to now, 6 provinces have launched the city of indica, but from the progress of the city and the total amount of purchases in the city, this year's scale of the southern mid-to-late indica rice is limited, farmers are reluctant to sell, and the operating rate of rice enterprises is low, resulting in a large amount of surplus grain in the market, and the branches of the superimposed grain storage continue to sell, and the market supply is still very sufficient. For the future market, with the completion of local reserves and provincial reserves, the market rice price or lose support, especially in the context of abundant production this year, there is no shortage of grain in the market, the operating rate of rice enterprises continues to be low, as of this Friday, the rice bran has passed the 1.3 yuan / kg mark.

Glutinous rice faces a concentrated sell-off

As of December, the glutinous rice market is also showing a pattern of weak north and strong south. The progress of glutinous rice sales in the main northern producing areas has been slow. Since the middle of November, the north continues to be affected by snowfall, resulting in grain can not be sent out, coupled with rice enterprises glutinous rice affected by traffic and terminal demand, the amount of external shipment is very small, near the end of the year farmers' willingness to cash more strongly, in recent days or there will be a wave of concentrated grain sales phenomenon, so the price of glutinous rice may continue to explore.

In summary, it is expected that in December, the spot price of rice in China will show a stable and weak pattern. On the one hand, we must pay close attention to the progress of grain depot acquisition in various places, once the rotation of provincial storage and local storage work is over, the purchase volume of rice enterprises is limited, and the risk of falling rice prices is not excluded, especially in mid-to-late indica rice, the end date of the city is January 31, and the time for grain to be sold is very limited. On the other hand, the rice market has long been in a pattern of weak demand and oversupply. In November, the centralized stockpiling has overdrawn the demand for the later stage, the low operating rate of rice enterprises, and the demand for rice is also very limited. It is recommended that grain holders should not blindly sell and lock in profits in time. (China Cereals and Oils Information Network Yin Xiuying)