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China's grain inventory hits a new high, National Grain Administration releases latest data
According to the website of the National Grain Administration, the Grain Administration issued a notice on October 8, requiring that the 2015 autumn grain purchase and autumn safe grain storage work be effectively carried out. The notice shows that provincial-level grain administrative departments and the branches of Sinograin should jointly organize
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Mounting Inventory Makes Stored Grain Hard to Sell, 100 Billion Jin of New Grain Urgently Needs Placement
Right now is an important transition period in the grain circulation sector, as the summer grain purchase wraps up and the autumn grain purchase begins, but many places have recently run into grain storage difficulties. On October 8, the State Administration of Grain issued a notice, using two "unprecedented" phrases to describe the current grain storage situation:
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How to Resolve the Problem of High Grain Inventories? Market Mechanisms Are Key
In recent years, China's grain sector has seen the simultaneous occurrence of "high output, high inventories and high imports." Among these, high grain inventories have reached an unprecedented level. According to calculations by industry insiders, by early July this year, the national reserve rice inventory
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Domestic grain inventories are high and warehouse capacity is tight, and purchasing and sales have entered a new normal
After a period of confusion, struggle and adaptation, in today's China, the judgment of the "new normal" of the economy has become a consensus. Under the shadow of the broader environment, domestic grain supply and demand have also gradually entered a new cycle, market contradictions have gradually become prominent, and grain purchasing and sales have also shown
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National grain stocks hit a record high, with sales, transport and storage facing difficulties
Grain stocks hit a record high; experts urge reflection on price signals. China's grain stocks are climbing toward a record peak. Taking corn as an example, according to estimates by the China Grain Network, China's temporary reserve corn surplus has now reached as high as 150 million tons, while this year China's new-season corn
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In 2015, corn seed inventory was about 800 million kg
Recently, the Seed Management Bureau of the Ministry of Agriculture announced that this year's domestic hybrid corn seed production area was 2.95 million mu, producing about 1.01 billion kg of seed; adding effective inventory of about 1 billion kg, next year's corn seed supply will be about 2.01 billion kg, while actual seed demand will be about 1.2 billion kg, and next year's corn seed inventory
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