The National Food and Strategic Reserves Administration said on the 16th China’s summer grain procurement season is nearing completion and market operations remain orderly. Cumulative purchases: wheat above 100 mln tonnes and early indica rice 12 mln tonnes, with progress slightly ahead of last year. Regions have prepared roughly 110 mln tonnes of summer-grain storage; the Agricultural Development Bank of China has released 150 bln yuan of dedicated credit. State grain traders including Sinograi

The National Food and Strategic Reserves Administration said on the 16th China’s summer grain procurement season is nearing completion and market operations remain orderly. Cumulative purchases: wheat above 100 mln tonnes and early indica rice 12 mln tonnes, with progress slightly ahead of last year. Regions have prepared roughly 110 mln tonnes of summer-grain storage; the Agricultural Development Bank of China has released 150 bln yuan of dedicated credit. State grain traders including Sinograin, COFCO and supply-and-marketing groups have led market entry, with cash and warehousing ready to ensure smooth farmer sales.