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07:32
Over 338 million tons of autumn grain will be purchased nationwide in 2025
Golden Ten Data reported on May 10 that, according to the latest data released by the National Food and Strategic Reserves Administration, the procurement of autumn grain during the 2025 peak season concluded at the end of April this year. Various types of grain operators nationwide cumulatively purchased over 338 million tons of autumn grain, reaching one of the highest levels in recent years. The overall procurement showed characteristics such as rapid progress, active buying and selling, and rising prices. Preliminary statistics indicate cumulative purchases of 103 million tons of mid- and late-season rice, 222 million tons of corn, and 12.99 million tons of soybeans. In the three provinces of Henan, Hunan, and Heilongjiang, the minimum purchase price implementation plan for mid- and late-season rice was activated, resulting in the procurement of 4.18 million tons of mid- and late-season rice at the minimum price. Luo Shouquan, Director General of the Grain Reserve Department of the National Food and Strategic Reserves Administration, stated that this season’s autumn grain entered the market earlier, the overall quality is good, farmers are eager to sell, and enterprises are enthusiastic about purchasing, showing a positive trend of brisk buying and selling, with purchase prices remaining stable or rising.
07:15
Rising fuel and tariff costs make Mother's Day flowers more expensive in the United States
However, this year the flower supply chain has faced disruptions, especially due to rising fuel and tariff costs. Flower prices for Mother’s Day in the United States have clearly become more expensive, forcing both buyers and sellers to be more calculated with their spending. Every bouquet delivered to American consumers must go through an interconnected supply chain. For example, a rose picked from a farm in Ecuador needs to be flown by cargo plane to Miami, Florida, and then transported in refrigerated trucks to flower wholesalers or retail shops across the United States. But this year, the flower supply chain has encountered new difficulties. Fuel costs for air and ground transportation from Central and South America to various parts of the United States have increased sharply due to the Iran conflict, which was largely of the United States’ making, and the resulting energy crisis. On top of that, the cost of importing flowers and related packaging materials into the U.S. has also risen significantly as a result of the tariff war started by the U.S. government. According to the latest data from the U.S. Bureau of Labor Statistics, prices for indoor plants and flowers in March rose by 7.5% year-on-year, much higher than the 3.3% overall rate of inflation. “Saga Flower Wholesale,” which has operated in Los Angeles’ “Flower District” for over 30 years, was counting on a big payoff for Mother’s Day as in previous years, but this year they’re struggling. The company’s business manager Maralena Gutierrez told CNN, “Fuel costs right now are extremely high, which has affected flower prices.” According to her, the average cost for a bouquet of 24 roses has climbed to about $30, whereas last year it was around $20—a 50% increase.
06:48
More than half of U.S. voters disapprove of Trump's economic policies
BlockBeats News, May 10th, a new poll by the Financial Times shows that over half of American voters disapprove of Trump's handling of the economy, citing concerns over inflation, rising cost of living, and the impact of a war with Iran on energy prices. Despite reports of job growth and a resurgence in manufacturing, as well as a rising stock market, public sentiment regarding the actual cost of living has caused Trump's economic approval rating to drop to around 37%, with disapproval reaching over 55%. The poll results highlight a disconnect between Wall Street and the general public in terms of economic perception, which could impact the Republican Party's performance in the 2026 midterm elections.
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