China is set to make waves in the global grain market 🌾! In 2024, the country's state-owned grain reserve enterprises are expected to purchase a whopping 420 million tonnes of grain from local farmers and producers. That's the second year in a row they've surpassed the 400 million tonne mark! 💪
At a recent national conference on food and strategic reserves, officials highlighted how China is streamlining grain purchasing. They've ramped up efforts to make it easier for farmers to sell their grain, smoothing out the channels and ensuring everyone benefits. 🚜❤️
Why is this a big deal? Setting a minimum grain purchase price and buying in such massive quantities helps China secure its food supply, keep prices stable, protect farmers' interests, and be ready for any emergencies. Talk about forward-thinking! 📈🌟
Right now, the autumn grain harvest is in full swing. Corn purchasing is peaking in the northern and northeastern regions of the country, according to Liu Huanxin, head of the National Food and Strategic Reserves Administration. 🌽🍁
With all this grain coming in, China's storage facilities are keeping pace. By the end of 2023, the capacity of standard warehouses in good condition exceeded 700 million tonnes—a 36% jump since 2014! 🏭📦
But wait, there's more! China's grain output reached a record high of 706.5 million tonnes in 2024, up 1.6% from the previous year. This marks the first time the country has harvested over 700 million tonnes of grain. 🎉🌾
These impressive numbers show China's commitment to food security and its farmers. It's not just about numbers—it's about feeding a nation and supporting those who make it possible. 🍚❤️
Reference(s):
China's grain purchase expected to reach 420 million tonnes in 2024
cgtn.com
