China' National Development and Reform Commission announced the minimum procurement prices for wheat produced in 2009. Usually the minimum price is not announced until May, just before the wheat harvest and 6-7 months after it was planted. This time they announced the minimum price in October, early enough to influence planting decisions.
Minimum prices for last 3 years (yuan/50 kg)
2007 White 72; Red 69; Mixed 69
2008 White 77; Red 72; Mixed 72
2009 White 87; Red 83; Mixed 83
[corrected May 25, 2009]
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