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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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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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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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Sinograin will arrange the construction of 21 billion jin of warehouse capacity this year
On the 26th, the reporter learned from Sinograin (China Grain Reserves Corporation) that this year it will arrange the construction of about 21 billion jin of central grain reserve warehouses, in order to improve the collection and storage capacity of the vertical management system for central grain reserves. According to the introduction, the layout of this round of central grain reserve warehouse construction highlights 3 key regions: Heilongjiang, Jilin
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Wheat minimum-price purchase warehouse capacity reaches 29.22 million tons this year
On July 23, a relevant person in charge of Sinograin told reporters that this year 4,011 wheat minimum-price purchase storage points have been prepared, with a warehouse capacity of 29.22 million tons, fully sufficient to meet procurement needs. At present, the organized wheat minimum-price purchase is proceeding in an orderly and smooth manner. As of July 20, 1
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Domestic grain inventories are high and warehouse capacity is tight, and purchasing and sales have entered a new normal
After a period of confusion, struggle and adaptation, in today's China, the judgment of the "new normal" of the economy has become a consensus. Under the shadow of the broader environment, domestic grain supply and demand have also gradually entered a new cycle, market contradictions have gradually become prominent, and grain purchasing and sales have also shown
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