China National Grain Reserves Corporation: Increasing the scale of corn harvesting and storage to stabilize the market and expectations

On December 11th, the CCTV News Channel's "News Live Room" program launched a report titled "China Grain Reserves Corporation: Increasing Corn Storage Scale to Stabilize Market Stability Expectations". The report pointed out that this year, China Grain Reserves Corporation and its related enterprises will increase the collection and storage scale of domestically produced corn in Northeast China and other major corn producing areas by 2024. As of now, China Grain Reserves Corporation has set up over 340 purchasing points in major corn producing areas, actively playing a role in stabilizing the market and expectations.

China Grain Reserves Corporation Inner Mongolia Branch has launched the purchase of 44 storage points throughout its jurisdiction, with each point maintaining relatively stable prices and effectively playing a leading and driving role in the market; In the Heilongjiang region, directly affiliated enterprises of China Grain Reserves Corporation have added query machines and other equipment through the application of the latest upgraded intelligent procurement platform system. Grain sellers can use their credit cards to self-service query grain sales information and complete grain payment settlement in the "one-stop service center", helping farmers sell grain with comfort and satisfaction; In the Liaoning region, the Anshan and Panjin direct warehouses of China Grain Reserves Corporation provide grain farmers with services such as appointment sales and on-site quality inspections, helping them increase their income.

This year, the country will continue to implement the minimum purchase price policy in the main rice producing areas. China Grain Reserves Corporation has launched the minimum purchase price purchase plan for mid to late rice in eligible areas of Henan, Jiangsu, Heilongjiang, and Anhui provinces. As of now, China Grain Reserves Corporation has announced to the public the lowest purchase price for 216 storage points, helping to maintain the bottom line of farmers' ability to sell their grain.