According to the China Report Hall: In the past since 2014, China's rice market imports have continued to increase. In this regard, the industry believes that the price of rice in the Chinese market is significantly higher than that in the international market, which is the main reason for the surge in domestic imports.
According to the statistics of the General Administration of Customs, the data show that in October 2014, China's rice imports were 179,810 tons, an increase of 38,993 tons, an increase of 27.63%. From January to October, China's rice imports were 200.7 million tons, an increase of 151,300 tons, an increase of 8.15%; In October 2014, China's rice export volume was 57,490 tons, an increase of 14,000 tons, or 33.24%. From January to October, China's rice exports amounted to 236,560 tons, a decrease of 168,773 tons, or 41.63 percent.
It is understood that the current international food prices are much lower than domestic food prices. On the one hand, due to the lowest price purchase of rice in China in recent years, the price of rice has continued to rise, which has boosted the price of domestic rice to a certain extent. However, in 2014, the state continued to implement the minimum purchase price policy in major grain producing areas, and appropriately raised the minimum purchase price level. The minimum purchase price per 50 kg of early indica rice (third-grade), mid-late indica rice and japonica rice was raised to 135 yuan, 138 yuan and 155 yuan, respectively, 3 yuan, 3 yuan and 5 yuan higher than that of 2013. Each catty is 1.35 yuan, 1.38 yuan, 1.55 yuan, and the price of rice after domestic processing is generally about 2 yuan/catty. On the other hand, because China is mainly imported Vietnamese rice, and the planting cost in Southeast Asia is low, the price of rice is low, and the offshore price of imported Vietnamese rice is 1.6 yuan/jin.
Thailand's 5% broken rice is now quoted at $440 per ton, down $5 from the previous price; India's 5% broken rice was quoted at $430 per ton, down $10 from the previous price. Vietnam's 5% broken rice is quoted at $445 per ton, down $5 from the previous price. The price of 5% broken rice in Pakistan is $410 per ton, down $15 from the previous day.
Compared with imported rice, the price of domestic rice is much higher. According to Yu Primus Market Research Center, domestic rice prices have been discounted to more than $800 per ton, while Vietnamese rice in the international market is only more than $400. Taking the grain price in June as an example, the price of domestic late indica rice is 1507 yuan per ton higher than that of Vietnamese rice with similar quality, and the price difference is very large. China's rice imports from neighboring countries are very active, and the competitiveness of domestic rice is very weak.
