National autumn grain purchases exceed 300 million tons

Yang Guangyu

Xinhua News Agency, Beijing, March 9 (Reporter Gu Yiping) The latest data released by the National Food and Material Reserve Bureau 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; autumn grain market prices are steadily rising, with the characteristics of high quality and high price becoming more prominent.

Currently, the purchase of mid-to-late rice has basically concluded, and the procurement of corn and soybeans in Northeast and North China continues to advance. The peak season for autumn grain purchases has largely passed. By variety, the purchase of mid-to-late rice is 103 million tons, corn is 189 million tons, and soybeans are 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. Autumn grain procurement is stable and orderly, with overall smooth circulation.

Luo Shouquan, Director of the Grain Reserve Department of the National Food and Material Reserve Bureau, stated that after the Spring Festival, the autumn grain purchase market continued its active trend from earlier, with various entities such as grain trading, processing, and reserve enterprises actively entering the market to purchase. The prices of main varieties are steadily rising, especially high-quality rice, corn, and high-protein soybeans, which have strong demand and high prices.

Next, the National Food and Material Reserve Bureau will adhere to the coordinated linkage of production, purchase, storage, and sales, focusing on both grain procurement and inventory sales, promoting variety improvement and quality enhancement, and maintaining grain prices at a reasonable level.