China Maintains 400 Million Tonne Annual Grain Purchase Target

Beijing – The national food and strategic reserves administration reports that, as of early November, China’s autumn grain procurement has already crossed the 10‑million‑tonne milestone, a level comparable to the previous year’s tally. The buying cycle kicked off without hitches, with the northeast region progressively adding to the total.

Six provinces, among them Hunan and Hubei, have put in place minimum‑price purchase plans for medium and late‑maturing rice varieties, securing approximately one million tonnes of rice at the stipulated floor price.

China’s yearly grain purchase volume consistently exceeds 400 million tonnes, and more than 90 percent of this amount is sourced through market‑oriented deals. An official highlighted that rising grain‑production capacity ensures the annual procurement target will stay above 400 million tonnes for the duration of the 15th Five‑Year Plan.

The agency underscored the importance of a streamlined buying process, as well as ongoing efforts to raise the quality and efficiency of the grain sector, to reinforce the nation’s food security objectives.