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Sinograin purchased 175 million tons of policy-related grain last year, with storage losses falling sharply
The reporter learned from the Central Grain Reserve Work Conference held on the 5th: In 2015, Sinograin purchased a total of 175 million tons of policy-related grain for the whole year, marking the third consecutive year that purchases exceeded the 100 million ton scale and setting a new record high. A total of 18.5 million tons of policy-related grain were auctioned throughout the year, and the
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Sinograin Caught in a Dilemma Over Grain Purchasing and Storage, Rushes to Free Up 30 Million Tonnes of Warehouse Capacity
Although the state granaries are overflowing, China's corn, rice and wheat are expected to see another bumper harvest this year, while market demand for grain is unlikely to pick up. A new round of state grain purchasing and storage is imperative, and this will push China's grain inventories to a new record. China's grain storage
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Grain procurement and storage caught in a dilemma, Sinograin frees up 30 million tonnes of warehouse capacity in emergency
Although state granaries are overflowing, China's corn, rice and wheat are expected to see another bumper harvest in 2014, while market demand for grain is unlikely to pick up. A new round of state grain procurement and storage is imperative, and this will push China's grain inventories to a new record. China
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Sinograin Proposes Three Red Lines for Grain Reserves for the First Time, Mulls Overseas Grain Purchasing and Storage
Mulling Overseas Grain Purchasing and Storage: Sinograin Proposes Three Red Lines for Grain Reserves for the First Time. By our reporter Zhang Xu, Beijing Report. Sinograin is undergoing transformation. In early September, China Grain Reserves Corporation issued an official statement saying that the grain security reserve system should establish three reserve guarantee lines: total grain reserves, grain reserves, and oil and oilseed reserves.
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Sinograin comprehensively cleans up non-core businesses; Ministry of Finance and SASAC issue policies
The state-owned grain giant Sinograin (China Grain Reserves Corporation) is undergoing drastic slimming down. Economic Observer has learned that since October last year, in accordance with requirements from the National Development and Reform Commission and other authorities, Sinograin began cleaning up non-core investment operations, and by the first half of this year, it had deregistered all of the thousands of Sannong (agriculture, rural areas, and farmers) service companies established in Henan, Shanxi, and other places; and fully exited from seed industry investments in Gansu and Yunnan.
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New grain and oil supervision and inspection system officially operating at Sinograin
On September 26, a reporter learned from Sinograin (China Grain Reserves Corporation) that in order to strictly guard the bottom line of central grain reserve security, since the beginning of this year Sinograin has strengthened top-level institutional design and established a normalized model of vertical supervision in three lines: personnel, finance and materials. At present, Sinograin's new grain and oil supervision and inspection
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Why is strengthening granary safety management urgent?
On October 8, a fire broke out at a granary of Sinograin in Hailin City, Heilongjiang, and the fire was not put out until around 7 a.m. on the 10th, lasting more than 50 hours. And on May 31 last year, a fire broke out at the Lindian Directly Subordinate Depot of Sinograin in Heilongjiang, causing 40,000 tons of grain to be affected by the fire. Now, more than a year later, a fire has once again occurred at a national reserve grain depot, causing serious losses to grain stocks, which is deeply regrettable!
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Sinograin's total grain auction volume reached 52.15 million tons last year
The latest report from Sinograin (China Grain Reserves Corporation) shows that as of the end of December last year, Sinograin had completed a cumulative policy-related grain auction transaction volume of 52.15 million tons, 1.43 times that of the same period of the previous year, and accelerated the outbound delivery speed of sold grain. As for the coming year, Sinograin will accelerate the formulation of a 5-year
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Sinograin's policy-based grain purchases reached 125 million tons in 2014
At the 2015 Central Grain Reserve Work Conference held in Beijing, it was learned that China Grain Reserves Corporation (Sinograin), as the entity entrusted by the state to implement the market-support policy, organized and completed nearly 125 million tons of policy-based purchases last year. In response to the current situation of high inventory and considerable pressure on warehouse capacity,
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Sinograin accused of passing off old grain as new; local officials say they have no authority to inspect warehouses
"Recycling grain" keeps appearing, and the root cause points directly at Sinograin. As long as the supervision of reserve grain has not escaped the problem of Sinograin acting as both player and referee, "recycling grain" incidents involving passing off old grain as new will not stop. The problem of Sinograin acting as both player and referee remains unresolved. Recently,
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