China's grain supply and demand tight balance inventory history is the highest

[China Agricultural Machinery Network Industry News] After China's grain industry has achieved 12 consecutive increases, everyone is full of confidence in China's food, but there are also many concerns. The price pressure brought by high inventory cannot be ignored. Recently, Ren Zhengxiao, director of the State Grain Bureau, told a press conference held by the State Council Information Office yesterday that China's grain supply and demand is still in a tight state. The national grain stocks are at historically high levels, and 1/6 of the grain is stored in a simple warehouse.
China's grain supply and demand tight balance inventory history
Ren Zhengxiao said that by the end of April this year, the 2015 autumn grain purchase period is over. It is expected that all kinds of grain enterprises will purchase 778 billion kilograms of autumn grain, which is more than 72 billion kilograms more than the previous year. Among them, the policy grain storage is 310 billion kilograms, more than the previous year. Acquisition of 82 billion kilograms. Beginning in late May, the acquisition of summer grain will be fully launched. It is expected that the total amount of summer grain purchase this year will be more than 160 billion jin.
Since 2004, China's grain production has achieved “twelve consecutive increases”, but at the same time, China's grain demand is also growing at the same time. Ren Zhengxiao told reporters that in the past 12 years, 10 years could not achieve the balance of grain production and demand in the same year, there was a gap in production and demand, and the average annual production and demand gap reached 19.8 billion jin. "This also shows that under the conditions of increasing production for 12 consecutive years, China's grain production and demand is still in a state of tight balance."
Ren Zhengxiao introduced that the current national food stocks are at an all-time high, and 1/6 of the grain is stored in a simple warehouse. This makes the difficulties and challenges of safe grain storage, ensuring the safety of stockpiled grain storage will be a food sector this year and in the future. Hard and heavy hard tasks.
“The reasons for the high stocks of grain are many.” Ren Zhengxiao analyzed that the grain output increased year after year, the farmers saved less grain or did not store grain at all, and the processing and transformation enterprises were reluctant to save more raw materials, and the low-priced imported foods occupied the domestic grain. The market sales, as well as the impact of the international and domestic economic downturn, the lack of work for some processing enterprises, the decline in the production of raw materials, these factors directly lead to an increase in food stocks.
However, he also said that these factors will change with the changes in the economic environment and related conditions, and will not become the driving force for long-term support for food stock growth. If there is a reduction in grain production, the economic recovery will improve, and international food supply and demand will tighten. In the case of the food market at home and abroad, there will be a conductive reaction, and there will be a rapid decline in grain stocks.
In response to the difficulty of corn purchase, Ren Zhengxiao introduced the current measures to include: actively guiding multi-agents to enter the market to collect food; state-owned grain enterprises should take the lead in entering the market to collect grain; speed up the processing and transformation of corn; optimize the market environment and timely study and formulate relevant plans.
(Original title: National Grain Bureau: China's grain supply and demand is in a tight balance)

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