China: As end of the year approaches, is grain market stable in operation?

Published 2021년 12월 28일

Tridge summary

The article provides an overview of the current situation in China's grain market, highlighting the sufficient grain inventories and the government's efforts to ensure a stable supply of daily necessities such as rice, noodles, grains, and oil for the upcoming New Year's Day and Spring Festival in 2022. It emphasizes the improvement in the market regulation system and the experience gained in maintaining supply and price stability. The article also discusses the significant increase in commodity inventories and the establishment of a food emergency security system. Additionally, it mentions the ongoing purchase of autumn grains and the plans to release grain-related data and information to stabilize market expectations. Furthermore, the article touches on the efforts to improve grain quality, reduce food waste, and tighten grain market supervision, including the implementation of special law enforcement actions and the revision of regulations for the national grain circulation supervision hotline.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Year's Day and the Spring Festival in 2022 are approaching, and the grain market is very hot. Grain and oil companies are overwhelmed with orders. Consumers are gearing up for the purchase of New Year's goods. What is the current supply situation in the grain market? How to guarantee the follow-up supply of daily necessities such as rice, noodles, grains and oil? Food stocks are sufficient On December 27th, Qin Yuyun, Director of the Grain Reserve Department of the State Administration of Grain and Material Reserves, stated at the press conference that my country’s grain inventories are at a relatively high level, the market regulation system is gradually improved, and the market has accumulated rich experience in ensuring supply and price stability. The supply is fully guaranteed. Sufficient raw grain reserves are the "ballast stone" to ensure food security. my country’s existing grain stocks are the guarantee for the smooth operation of the market. According to Wang Hong, ...

Source: FoodChina