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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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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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Non-staple crops should be gradually liberalized, with subsidies and state purchasing and storage moderately reduced
Recently, the Central Economic Work Conference was held, calling for an accurate grasp of the new normal in economic development. When deploying the main tasks for next year's economic work, it called for accelerating the transformation of the agricultural development model. Against the backdrop of advancing new urbanization, the development of agricultural modernization has become a key link.
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Side Effects of Grain Price Support Purchasing and Storage Emerge, Experts Suggest Changing Subsidy Methods
Every year's No. 1 Central Document concerns agriculture, and this official way of attaching importance gives concrete expression to the Chinese notion that "food is the first necessity of the people." China has a large population, and food security has always been of paramount importance. Although there have been many consecutive years of bumper harvests, the state has not relaxed in the slightest on the grain issue.
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Policy-based purchasing and storage becomes the main channel for grain market procurement
In the face of the severe situation of inverted grain prices on the market, in 2014 the state continued to implement the minimum purchase price and temporary purchasing and storage policies for major grain varieties. Sinograin, together with relevant local departments, gave full play to its role as the main force, and over the year organized and completed nearly 1.
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Special inspections of autumn grain purchasing and safe grain storage will be carried out nationwide
The reporter learned from the National Food Administration on the 8th that special inspections of autumn grain purchasing, safe grain storage, and production safety will be carried out nationwide from mid-October to the end of November. The autumn grain purchasing inspection covers the designated-point stage, the purchasing stage, and the acceptance and storage stages. Inspect whether commissioned
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Corn Purchasing and Storage Policy Loosens After 8 Years, New Wording for Price Reform
On October 15, the government issued the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Advancing Price Mechanism Reform" (hereinafter referred to as the "Opinions"), to accelerate the improvement of a price mechanism mainly determined by the market. The "Opinions" pointed out that the price mechanism is the core of the market mechanism, and market-determined pricing is the key to the market playing a decisive role in resource allocation.
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National temporary corn purchase demand: overall purchasing and storage capacity can meet requirements this year
On November 19, at a news briefing on current grain-related policies jointly held by the National Development and Reform Commission, the Ministry of Agriculture, the Ministry of Finance, the National Grain Administration, the Agricultural Development Bank of China, and Sinograin, a relevant person in charge of Sinograin stated that overall it can meet this year's
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