China's Autumn Grain Procurement Exceeds 300 Million Tonnes

According to the latest data released by the National Food and Strategic Reserves Administration, various grain market entities across the country have procured over 300 million tonnes of autumn grain so far, reaching a relatively high level in recent years. The market prices for autumn grains have remained stable with a slight increase, and the trend of higher prices for better quality products has become more pronounced. Currently, the procurement of mid-late rice has basically concluded, while the purchase of corn and soybeans in Northeast China and North China continues to advance. The peak season for autumn grain procurement is largely completed. By variety, mid-late rice procurement reached 103 million tonnes, corn procurement amounted to 189 million tonnes, and soybean procurement totaled 12 million tonnes. In Heilongjiang, Henan, and Hunan provinces, 4.18 million tonnes of mid-late rice were purchased at the minimum purchase price, a decrease of 2.92 million tonnes compared to the same period last year. The autumn grain procurement process has been smooth and orderly, with overall unimpeded circulation. Luo Shouquan, Director of the Grain Reserve Department of the National Food and Strategic Reserves Administration, stated that following the Spring Festival, the autumn grain procurement market has maintained its previous active momentum. Various entities, including grain traders, processors, and reserve enterprises, have actively participated in market purchases. Prices of major varieties have shown stability with an upward trend, particularly for high-quality rice, corn, and high-protein soybeans, which are in strong demand and command premium prices. Moving forward, the National Food and Strategic Reserves Administration will continue to promote coordinated efforts across production, procurement, storage, processing, and sales. The focus will be on both grain procurement and inventory sales to encourage the cultivation of superior varieties and the improvement of grain quality, thereby helping to maintain grain prices at reasonable levels.