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The corn market seems to have cooled, grain reserve auctions continue, but a turning point is right around the corner
Grain reserve auctions continue, and although the corn market seems to have cooled, a turning point is actually right around the corner. Science Xingnong believes that the corn market is expected to rise next. According to previous media forecasts, because of the recent strong push for soybeans, as a competing summer grain crop,...
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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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Grain outbound shipments expected to accelerate, tight state reserve warehouse capacity awaits relief
A Futures Daily reporter recently learned from the State Administration of Grain that relevant departments have decided to entrust the Anhui Grain Wholesale Market and others to hold a special national policy grain competitive bidding fair on January 6-8 next year. The varieties and quantities traded are 2 million tons of wheat, 4 million tons of japonica rice, and 4 million tons of indica rice.
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State grain reserves auction opens in January, four major varieties totalling 15 million tonnes
The reporter recently learned from the State Administration of Grain that relevant departments will hold a special national policy grain competitive bidding session in Anhui from January 6 to 8, 2015, auctioning four major varieties of state reserve grain: wheat, japonica rice, indica rice and corn. It is understood that the varieties and quantities in this auction are divided into
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Steady progress in reforming and innovating the central grain reserve system
According to the "Hong Fan" chapter's eight governance principles, food is the first priority of governance. Food security bears on economic development, social stability and national security. The rice bowl of the Chinese people must always be held firmly in our own hands, and that bowl should mainly contain Chinese grain. Under the new circumstances, to implement the new national food security strategy of "taking self-reliance as the mainstay, basing ourselves on domestic production, ensuring production capacity, making appropriate imports and relying on scientific and technological support," we need to vigorously advance the reform and innovation of the central grain reserve system.
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Too Much Grain in Reserve? Committee Member Rebuts: If Production Is Cut and Prices Rise, We Will Regret It Too Late
As a major agricultural country, China cannot avoid the issue of food security. Due to China's minimum purchase price policy, wheat and rice stocks are overflowing. This is a microcosm of the "eleven consecutive years of increase" in total grain output. However, the fact that some domestic grain prices are higher than those abroad has prompted
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How is the autumn grain procurement progressing? The National Food and Strategic Reserves Administration reports on the main producing areas
According to statistics, as of March 10, various grain enterprises in 14 main producing areas of mid-to-late indica rice, including Hubei and Anhui, had purchased a cumulative total of 28.21 million tons of newly produced mid-to-late indica rice, a decrease of 1.52 million tons from the same period last year; various grain enterprises in 7 main producing areas of japonica rice, including Heilongjiang and Jilin, had purchased a cumulative total of newly produced
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Passing Off Old Grain as New Highlights the Predicament of Grain Reserve Supervision
Where there is delicious lamp oil, there are bold rats that dare to steal it; where there are loopholes in the system, there is room for rent-seeking. Fulfilling shared supervisory responsibilities and clarifying the subjects of power and responsibility is a major issue that grain storage cannot avoid. It is necessary to strengthen, institutionally, coordinated supervision over storage enterprises at all levels and of all types, so as to ensure grain security for the nation.
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Old Grain Passed Off as New: Getting a Clear Picture of Grain Reserves Requires Tighter Oversight
Chaotic practices in China's grain reserve system, such as passing off old grain as new, are linked to unsmooth mechanisms and unsound institutions, and even more to the lack of management and lax oversight by the relevant departments. Straightening out the mechanisms and reforming the institutions will take time, but tightening the granaries and strictly investigating the "big rats" is
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China's agricultural grain reserves have been damaged; how should the "grain rats" be cleaned up?
Before the honor of being named an outstanding unit in the 2014 national grain quality and safety supervision work had even cooled, Liaoning and Jilin were exposed in a "grain rat" scandal of passing off old grain as new. According to a CCTV report, media recently reported that multiple grain depots in Liaoning and Jilin colluded with grain traders to
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