BEIJING - China has collection minimum prices for state procurement of rice assets in 2017 to safeguard the interests of growers, according to the peak financial planner.

You are watching: What is the price of rice in china

The National Development and also Reform lutz-heilmann.infomission sassist in a statement that the minimum price for japonica rice will certainly be three yuan (44 U.S. cents) per kg, dvery own from 3.1 yuan per kg in 2016.

Government procurement prices for other kinds of rice are additionally slightly lowered from 2016, the statement said, including that the adjustments have taken into account production prices, sector demand and also supply, as well as prices at home and also awide.

China"s grain output dropped 0.8 percent year on year to about 616 million tonnes in 2016, ending a 12-year climbing streak, but still the second highest possible year on record.

See more: What Are The Characteristics Of A Good Definition Of "Characteristics"

China has collection minimum procurement prices for certain grain assets considering that 2004 to protect the industry.


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