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China sets 2020 minimum purchasing price for wheat at 2,240 yuan per tonne
China said on Saturday it had set the 2020 minimum purchasing price for wheat at 2,240 yuan per tonne.
The Nat
- China said on Saturday it had set the 2020 minimum purchasing price for wheat at 2,240 yuan per tonne.
- The National Development and Reform Commission (NDRC) made the announcement on its website.
- he NDRC also announced that it had set the volume of wheat purchased at minimum price at 37mn.
SHANGHAI: China said on Saturday it had set the 2020 minimum purchasing price for wheat at 2,240 yuan per tonne, the same level as 2019.
The National Development and Reform Commission (NDRC) made the announcement on its website. China buys wheat from farmers at the minimum price when the market price drops below that level.
The NDRC also announced that it had set the volume of wheat purchased at minimum price at 37 mln tonnes in 2020, restricting the volume the government would buy compared to the previous year.
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