China has achieved a remarkable milestone in its agricultural sector with autumn grain procurement volumes exceeding 200 million tons, according to Saturday’s official data release. The National Food and Strategic Reserves Administration reported this represents a substantial 32-million-ton increase compared to the previous year, marking the highest procurement level for the comparative period in recent years.
This year’s autumn grain entered markets earlier than usual with superior quality characteristics, creating ideal conditions for accelerated procurement activities. Farmers demonstrated enthusiastic participation in grain sales while processing enterprises intensified their purchasing efforts, resulting in a significantly faster procurement pace throughout the peak season.
The Northeast region witnessed notable price increases across key grain varieties. Japonica rice prices rose approximately 2 percent year-on-year, while soybeans and corn experienced more substantial gains of 5 percent and 10 percent respectively. These favorable market conditions have substantially improved planting returns for agricultural producers, providing enhanced economic incentives for grain cultivation.
With the approaching New Year and Spring Festival holidays, authorities anticipate further acceleration in grain trading activities. The administration has committed to coordinating supply chain operations to ensure adequate stockpiles and maintain price stability for both grain and cooking oil products during the upcoming holiday period. This strategic approach aims to balance market dynamics while safeguarding food security during periods of heightened consumption demand.