China’s summer grain peak season purchase ends successfully with 109 million tons of wheat purchased

China News Service, Beijing, October 16 (Reporter Chen Su) The reporter learned from China’s National Grain and Material Reserves Administration on the 16th that China’s summer grain purchase season ended successfully, and various business entities across the country purchased a total of 109 million tons of wheat.

The State Administration of Grain and Material Reserves recently held a press briefing to introduce the situation related to this year’s summer and autumn grain procurement. Luo Shouquan, director of the Grain Reserves Department of the State Administration of Grain and Material Reserves, said that the peak season purchase of summer grains ended successfully at the end of September. According to preliminary statistics, various business entities across the country purchased a total of 109 million tons of wheat and 15.09 million tons of early indica rice, maintaining a high level in recent years.

Luo Shouquan said that farmers will speed up grain sales this year when wheat and early indica rice are launched on the market, reserve companies will be listed early and enter the market early, processing and trading companies will purchase on demand based on actual operations, and feed breeding companies will increase the use of malt wheat, and grains of different qualities will be sold. In early August, the state launched the implementation plan for the minimum purchase price of wheat in Henan and Anhui, and launched the implementation plan for the minimum purchase price of early indica rice in Jiangxi and Hunan. By the end of the implementation period of the plan at the end of September, a total of 1.74 million tons of wheat and 1.15 million tons of early indica rice at the lowest purchase price had been purchased. With policy support, market prices stopped falling and stabilized.

"The domestic supply of wheat and rice is sufficient and the inventory is sufficient. The impact of the transmission from the international market is limited. The market fluctuations are not large and the operation is relatively stable." Luo Shouquan said.

At present, autumn grains have begun to be harvested and put on the market. Autumn grain production accounts for about 3/4 of the annual grain production. It involves many varieties, large quantities, and covers a wide area. Autumn grain procurement is the top priority of the entire year's grain procurement work.

The State Grain and Material Reserves Bureau planned and prepared in advance and held a national autumn grain procurement work conference in mid-September. Relevant enterprises in various places have strengthened the guarantee of funds, warehouse capacity, personnel and other factors, and made preparations for autumn grain procurement.

Luo Shouquan said that at present, the peak season purchase of autumn grain in various regions is being carried out in an orderly manner. So far, various operating entities have purchased a total of 18 million tons of mid-late and late rice, an increase of 1.6 million tons year-on-year. The State Administration of Grain and Material Reserves will strengthen the coordination and organization of autumn grain procurement, strengthen departmental linkage and policy coordination, do a good job in market-oriented procurement and policy procurement and storage, implement various policy measures, and make every effort to ensure smooth grain sales channels for farmers and smooth market operations. (over)