Cross-year grain and oil purchases receive 210.9 billion yuan in loan support from the Agricultural Development Bank

Information from the Agricultural Development Bank of China shows that from January to April 2015, the bank issued a total of 210.9 billion yuan in various grain and oil purchase loans, an increase of 27.598 billion yuan year-on-year, a growth rate of 15.06%. Of this, grain loans amounted to 207.351 billion yuan, an increase of 27.998 billion yuan year-on-year, a growth rate of 15.61%; enterprises were supported in purchasing 205.692 billion jin of grain, an increase of 31.872 billion jin year-on-year, a growth rate of 18.34%. Oilseed loans amounted to 3.549 billion yuan, supporting enterprises in purchasing 2.311 billion jin of oilseeds. The amount of loans disbursed and the volume of purchases supported both reached new highs.

According to reports, during the cross-year purchase period of the 2014 grain year, Agricultural Development Bank branches at all levels conscientiously implemented national grain regulation policies, conducting early surveys and early planning, ensuring the timely supply of policy-based purchase funds, and ensuring the effective implementation of the national temporary storage policy and the minimum purchase price policy. At the same time, they selected market-based purchasers on the basis of merit, actively supported market-based multi-channel purchases, and ensured the smooth progress of grain and oil purchases.