National autumn grain purchases exceed 300 million tons

Latest data released by the National Food and Strategic Reserves Administration shows that, to date, various grain trading entities across the country have purchased over 300 million tons of autumn grains, a relatively high level in recent years; the market prices for autumn grains are steady with slight increases, and the characteristics of high quality and high price are more prominent.

Currently, the procurement of mid-to-late rice in China is basically complete. Procurement of corn and soybeans in Northeast and North China continues to advance, with the main harvest season for autumn grains largely concluded. By variety, the purchase of mid-to-late rice amounts to 103 million tons, corn to 189 million tons, and soybeans to 12 million tons. In Heilongjiang, Henan, and Hunan provinces, the minimum purchase prices for mid-to-late rice are 4.18 million tons, a decrease of 2.92 million tons year-on-year. The autumn grain procurement is stable and orderly, with overall smooth circulation.

Luo Shouquan, Director of the Grain Reserves Department of the National Food and Strategic Reserves Administration, stated that after the Spring Festival, the autumn grain procurement market continued its active trend from earlier periods. Various entities such as grain trading, processing, and storage enterprises actively entered the market to purchase, with prices of main varieties remaining steady or rising, especially high-quality rice, corn, and high-protein soybeans, which have strong demand and high prices.

Next, the National Food and Strategic Reserves Administration will adhere to coordinated efforts in production, procurement, storage, processing, and sales, focusing on both grain procurement and inventory sales, promoting the improvement of varieties and quality, and maintaining grain prices at reasonable levels. (Xinhua News Agency)