China: The stock-to-consumption ratio far exceeds the international food security warning line

Published 2021년 4월 3일

Tridge summary

China's grain inventory is at a historical high, leading to a decrease in food prices due to an oversupply. The country's grain production has stabilized, and the sown area for winter crops is increasing, ensuring a good summer harvest. The government has also established a food emergency guarantee system to handle any emergencies. The national grain and material reserve system have been strengthening to maintain the balance between food supply and demand, improving the efficiency and coordination of the grain supply chain. This has resulted in a stable grain supply and market operation, with modern grain storage conditions and convenient distribution channels.

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

Original content

“China’s grain has been harvested year after year, and the inventory is at a historically high level. The variety of rations can meet the consumption demand for more than one year. The current food security situation is generally improving, with sufficient inventories, reserves, and supplies, and the market price of food has fallen." Qin Yuyun, Director of the Grain Reserve Department of the Grain and Material Reserve Bureau, said at a press conference held a few days ago. "Integrating factors such as food production, inventory, and trade, the foundation and conditions for ensuring the supply and smooth operation of the food market are very solid." In terms of grain production, on the basis of consecutive years of bumper harvests in grain production, this year’s Central Document No. 1 and the “Government Work Report” both clearly stated that grain output has stabilized at more than 1.3 trillion catties. Relevant departments and localities are stepping up implementation. Grain ...

Source: farmer.cn