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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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Heavy pressure on grain procurement and storage: how can all localities resolve this sweet burden?
In the depths of winter, the reporter walked into Zhangjiajie Village, Huanling Township, Gongzhuling City, Jilin Province. In front of every household's gate stood an iron-mesh scientific grain storage bin, inside which newly harvested corn was neatly stacked. Villager Yuan Xiuhua told the Economic Daily reporter that last year's corn harvest was bumper
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Policy-driven grain procurement, storage and sales in the spotlight
Reporters learned on the 28th from the National Grain Administration that the National Development and Reform Commission, the National Grain Administration, the Ministry of Finance, the Agricultural Development Bank of China and other departments recently launched the 2015 joint departmental spot inspection of the nationwide grain inventory check. The various spot inspection working groups set out for the relevant provinces on the 26th.
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This year's corn procurement and storage price is cut by 220 to 260 yuan per tonne
More purchasing entities, and a longer period than in previous years Last weekend, the National Development and Reform Commission, the State Administration of Grain, the Ministry of Finance and other departments jointly issued the "Notice on Issues Concerning the National Temporary Storage and Purchase of Corn in Northeast China in 2015" (hereinafter referred to as the Notice). The Notice states that, with the approval of the State Council, this year the state will continue to implement the temporary corn storage and purchase policy in the three northeastern provinces and the Inner Mongolia Autonomous Region.
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Corn procurement and storage price falls 10% from last year, the dilemma of cheap grain hurting farmers awaits resolution
"When sowing, we hoped for a good harvest, but after the autumn harvest, we often fear that grain prices won't rise and we won't get a good price, wasting a whole year's work." A farmer in Rizhao, Shandong, told the China Industry and Economy News reporter.
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Can the reform of the procurement and storage policy solve the grain collection dilemma?
Corn in crisis, wheat in crisis, rice in crisis. Recently, when people in the grain business occasionally got together, a certain trader could not help but adapt a scene from a TV drama to mock his current business predicament. Data shows that in 2014 the national grain output reached 607 million tons, while
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