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The recent rise in corn prices is a recovering rise since the reform of the purchase and storage system, and this rise is mainly the result of the market.
Since the beginning of this year, the price of corn has been rising rapidly and recently hit a new high in the past four years
There are three main reasons for the recent rise in corn prices
In general, the recent increase in corn prices is a recovery since the reform of the purchase and storage system, and has not exceeded the high point of corn prices in 2014
Looking back, the country changed the corn temporary storage system to the target price system because the corn inventory was high at that time, and the domestic price was significantly higher than the imported CIF price
The reasonable rise in food prices should be viewed comprehensively and rationally.
The lower the food price, the better, nor the higher the better.
Needless to say, China still has a lot of room for improvement in terms of grain support and protection policies and price formation mechanisms