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Rice harvest hits a new high as the Council of Agriculture expands public grain purchases; Chen Chi-chung says this drives NT$200 billion in benefits
Rice harvest hits a new high; the Council of Agriculture expands public grain purchases to support grain prices; Chen Chi-chung: rice drives NT$200 billion in social benefits
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Policy grain purchases hit a new high in 2015, reaching 175 million tonnes
The 2016 Central Grain Reserves Work Conference was held in Beijing on the 5th. According to the relevant person in charge of Sinograin, in 2015 Sinograin purchased a total of 175 million tonnes of policy grain for the whole year, exceeding the 100-million-tonne scale for the third consecutive year and setting a new record high, giving full play to its role as the main force in purchasing and storage.
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China's grain prices rank among the world's highest, and high-price market-support purchases have led to grain piling up in warehouses
China is not the world's most developed country, yet China's grain prices have for several years running remained higher than the international market. Large-scale grain and oil reserve purchases have kept China's grain prices rising steadily, and the China Grain Reserves Corporation (hereinafter "Sinograin"), which handles the grain and oil reserve purchases, has maintained a relatively
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Temporary Grain Market Support Purchases Become the Norm, Multiple Impacts Emerge in the Domestic Grain Price Market
To ease the pressure on grain storage capacity, Jilin Province encourages grain purchase and sales enterprises to engage in policy-oriented grain collection and storage, and five enterprises including Jilin Dongfu Rice Industry Company have obtained policy-oriented grain collection and storage qualifications. The photo shows the vertical silos invested in and built by Dongfu Rice Industry Company. Photo by Liu Hui, Economic Daily reporter
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In 2014, grain purchases by grain enterprises exceeded 700 billion jin for the first time
Ren Zhengxiao, director of the National Food Administration, revealed on the 8th that in the whole of 2014, grain purchases by all types of grain enterprises exceeded 700 billion jin for the first time, with the total reaching 729.8 billion jin, an increase of 40.9 billion jin year on year. Ren Zhengxiao made the above remarks at the national grain circulation work conference held there.
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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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Autumn grain purchases total 180 million tonnes as of March 5
According to statistics, as of March 5, various grain enterprises in 14 major mid-to-late indica rice producing areas including Hubei and Anhui had purchased a cumulative total of 28.21 million tonnes of newly harvested mid-to-late indica rice, a decrease of 1.52 million tonnes from the same period last year; various grain enterprises in 7 major japonica rice producing areas including Heilongjiang and Jilin had purchased a cumulative total of 39.44 million tonnes of newly harvested japonica rice, an increase of 6.88 million tonnes from the same period last year; various grain enterprises in 5 major soybean producing areas including Inner Mongolia and Heilongjiang had purchased a cumulative total of 1.83 million tonnes of newly harvested soybeans, a decrease of 2.97 million tonnes from the same period last year.
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Cross-year grain and oil purchases receive 210.9 billion yuan in loan support from the Agricultural Development Bank
Information from the Agricultural Development Bank of China shows that from January to April 2015, the bank issued a total of 210.9 billion yuan in various grain and oil purchase loans, an increase of 27.598 billion yuan year-on-year, a growth rate of 15.06%. Of this, grain loans amounted to 207.351 billion yuan, an increase of 27.998 billion yuan year-on-year, a growth
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Funds for summer grain and oil purchases are guaranteed, ADBC arranges 158 billion yuan
ADBC recently issued the "Notice on Doing a Good Job in Credit Work for Summer Grain and Oil Purchases" (hereinafter referred to as the "Notice"), requiring that supporting summer grain and oil purchases be made the top priority of current work, that national grain regulation policies be effectively implemented, and that grain and oil credit
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State Administration of Grain: Preparations for autumn grain purchases basically complete
Reporters learned on the 9th from the State Administration of Grain that the State Administration of Grain recently held a national autumn grain purchase work conference in Harbin, Heilongjiang Province, to arrange and deploy the purchase work. At present, preparations in various regions are basically complete, and the autumn grain purchase work, the highlight of the year's grain purchases, is
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