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Market-support purchasing in a quandary, grain circulation urgently needs a breakthrough
Grain prices do not always rise or fall in a fixed pattern, yet the market-support price has kept climbing all the way, distorting grain market prices and weighing state-owned enterprises down more and more heavily. The current wheat market-support quandary is a textbook case, and reform of the grain circulation system urgently needs upgrading. In response to an eleventh consecutive increase in the summer grain harvest
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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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How to do a good job in cotton purchasing and sales? Eight departments actively push forward reform
On September 25, eight departments - the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine, the All China Federation of Supply and Marketing Cooperatives and the Agricultural Development Bank of China - jointly held a national teleconference on cotton work to analyze the cotton production and sales situation for the new year
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Do agricultural product brands influence your purchasing choices?
Core Reading. Agricultural brands are a label of the level of modern agricultural development. The first "Research Report on the Brand Development of Chinese Agricultural Products," recently released by the Ministry of Agriculture, proposed that the government should give full play to its public service functions in the process of brand cultivation, plan the top-level design of agricultural brands,
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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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Purchasing Enters Final Stage, Late-Season Mid-to-Late Indica Rice Fluctuates Narrowly
Currently, mid-to-late indica rice purchasing in the main producing areas has entered its final stage. Supported by the minimum purchase price policy, mid-to-late indica rice purchase prices in the main producing areas remain relatively firm. Policy-based purchasing entities maintain purchase prices at 1.38 yuan/jin, while other purchasing entities offer slightly lower prices. Because
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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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