The strength of the market needs to be observed, and the purchase and sale of rice needs to be cautious

On October 23, Anhui Province launched the 2021 mid-to-late Rice Tor City acquisition plan, which marks that the recent purchase policy of the city that everyone has been paying attention to has finally landed, this news undoubtedly boosts confidence in the rice market that continues to be weak, and can also form a bottom support for the rice market at this stage, and the rice market will also show signs of stabilization in the short term, but there is no obvious rebound condition at present.

Combined with the raw grain inventory of rice processing enterprises in the previous year, the supply of new grain markets and the import of rice, if there is no large-scale start of the acquisition of the city, or an appropriate extension of the acquisition time, the acquisition of the city does not reach a certain volume, the stabilization of the rice market is only temporary, and there will be a bottoming process after the Spring Festival.