Group 1 - The National Food and Strategic Reserves Administration has approved the implementation of the minimum purchase price for wheat in Henan province starting June 7, 2023, marking the official restart of wheat market purchasing after five years [1] - The minimum purchase price execution plan will be in effect from June 1 to September 30, 2023, aimed at protecting farmers' interests as wheat prices have fallen below 1.19 yuan per jin, causing panic selling among farmers [1] - Henan province, being the largest wheat-producing area in China, contributes to one-fourth of the national wheat output, making the implementation of this plan crucial for stabilizing the market and ensuring farmers' willingness to cultivate wheat [1] Group 2 - The policy of minimum purchase price is designed to support major grain-producing areas and stabilize market prices, preventing situations where low prices harm farmers [2] - The initiation of policy-based purchasing is particularly important given the rising costs of grain production for farmers, enhancing the expectation of grain traders to hold onto stocks in anticipation of price increases [2] - From a broader food security strategy perspective, the restart of the minimum purchase price will help increase policy reserves without disrupting the market, thereby maintaining reasonable grain inventory levels and enhancing food security [2]