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Adequate supply of food and oil in China, stable prices in all markets

Adequate supply of food and oil in China, stable prices in all markets

  • Categories:Industry News
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  • Time of issue:2022-11-17
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(Summary description)Lu Jingbo, deputy director of the State Food and Material Reserve Bureau, said in an exclusive interview with Xinhua News Agency on the 30th that the national grain and oil stocks are at a historical high, and the raw grain reserves are very abundant, and finished products such as rice, flour and oil reserves have been generally established in large and medium-sized cities, with a strong material basis for regulation and control. China's grain and oil processing capacity is very strong, if necessary, the daily processing of 1.5 million tons of rice, 800,000 tons of wheat, 700,000 tons of crushed oil. At the same time, China's grain and oil market system and distribution and supply network are sound, so rice, flour and oil can be quickly put on the end consumer market.

Adequate supply of food and oil in China, stable prices in all markets

(Summary description)Lu Jingbo, deputy director of the State Food and Material Reserve Bureau, said in an exclusive interview with Xinhua News Agency on the 30th that the national grain and oil stocks are at a historical high, and the raw grain reserves are very abundant, and finished products such as rice, flour and oil reserves have been generally established in large and medium-sized cities, with a strong material basis for regulation and control. China's grain and oil processing capacity is very strong, if necessary, the daily processing of 1.5 million tons of rice, 800,000 tons of wheat, 700,000 tons of crushed oil. At the same time, China's grain and oil market system and distribution and supply network are sound, so rice, flour and oil can be quickly put on the end consumer market.

  • Categories:Industry News
  • Author:
  • Origin:
  • Time of issue:2022-11-17
  • Views:0
Information

The National Food and Material Reserve Bureau said that the current national supply of grain and oil is sufficient and the market price is stable everywhere.

Lu Jingbo, deputy director of the State Food and Material Reserves Bureau, said in an exclusive interview with Xinhua News Agency on the 30th that the national grain and oil stocks are at an all-time high, the raw grain reserves are very abundant, large and medium-sized cities have generally established reserves of rice, flour and oil and other finished products, and the material basis for regulation and control is strong. China's grain and oil processing capacity is very strong, if necessary, the daily processing of 1.5 million tons of rice, 800,000 tons of wheat, 700,000 tons of crushed oil. At the same time, China's grain and oil market system and distribution, supply network is sound, can quickly put rice, flour and oil into the end consumer market.

According to reports, after the outbreak of the epidemic, the State Food and Materials Reserve Board set up a working group to ensure the supply of grain and oil and held a video conference on the 30th, stressing that the whole system should do a good job of ensuring the supply and price stability of the grain and oil market as the most important and urgent political task, to ensure that the market does not go off the market and does not stop, to ensure that the market runs smoothly, and to fully serve the overall situation of the prevention and control of the epidemic. To ensure that the regional food supply does not go wrong according to the requirements of the governor's responsibility system for food security; focus on safeguarding the market supply in serious areas of the epidemic, large and medium-sized cities and areas prone to price fluctuations; pay close attention to individual cases, the first time to take effective measures to solve the situation such as queuing up to rush to buy; strengthen monitoring and early warning, when necessary to start emergency plans, play the local reserves "the first line of defense The role of "the first line of defense"; to ensure adequate food sources, the organization of grain and oil backbone enterprises and emergency processing enterprises in a timely manner to restart production, increase the finished grain and oil put.

It is reported that at present, nearly 20 front-line enterprises or units of COFCO Group in Wuhan are working overtime to resume work and increase supply, sending more than 200 tons of rice, a total of about 50 tons of flour and noodles, and about 300 tons of edible oil to the Wuhan market every day. COFCO's plants in the Hubei region can also produce an additional 600 tonnes of rice, 500 tonnes of flour and 1,500 tonnes of edible oil. As the largest corn deep-processing enterprise in China, COFCO Biotechnology served the needs of epidemic prevention and control, and its production capacity was quickly redirected to mainly supply medical alcohol, with the first batch of 365 tons of medical alcohol supplied to Shenzhen, Suihua and Zhaodong, and 922 tons of fuel ethanol supplied to Wuhan, Xiaogan and Huangshi in Hubei Province.

The data released by the Ministry of Commerce on February 2 showed that on February 1, the market supply of essential commodities was generally adequate around the world, and the prices of meat, vegetables and fruits had fallen.

According to the Ministry of Commerce monitoring, grain and oil prices were basically stable, with the wholesale price of grain in the 100 large wholesale agricultural and sideline products market unchanged from the previous day; the wholesale price of edible oil rose 0.1% compared with the previous day. Meat prices fell slightly, with the wholesale price of pork at RMB 49.33/kg, down 0.5% from the previous day; beef and mutton wholesale prices were RMB 69.60 and RMB 67.09 per kg, down 0.1% from the previous day. The wholesale price of poultry products fluctuated slightly, with the wholesale price of white chicken at RMB19.32/kg, up 0.2% from the previous day; the wholesale price of eggs at RMB9.28/kg, down 1.4% from the previous day. The average wholesale price of 30 kinds of vegetables was RMB 5.72/kg, down 2.4% from the previous day; the average wholesale price of 6 kinds of fruits was RMB 6.48/kg, down 0.9% from the previous day.

On February 1, the market for essential commodities in Hubei Province was generally running smoothly, with overall stable prices. Hubei Provincial Department of Commerce reported that the province's key survey circulation enterprises vegetable commercial inventory of 17,219 tons, an increase of 2.4% over the previous day; rice, cooking oil commercial inventory of 24,113 tons and 8,832 tons, respectively, can guarantee about 10 days of supply; pork, poultry, eggs commercial inventory of 3,636 tons, 1,978 tons and 1,189 tons, respectively, can guarantee about 1 week of supply. The sales and stocks of vegetables in key retail enterprises in Wuhan increased. According to the Ministry of Commerce and Wuhan Municipal Bureau of Commerce monitoring, on January 31, 3,410 tons of vegetables were in stock at the Baishazhou wholesale market, an increase of 10% over the previous day; on February 1, the average wholesale price of 30 vegetables was 5.85 yuan/kg, up 0.5% over the previous day. on January 31, vegetable sales at the three major supermarkets in Wuhan were 1,008 tons, an increase of 18.3% over the previous day; vegetable stocks 2375 tons, up 9.6% over the previous day. The city's 135 supermarket shops carried out "one yuan vegetables" sales activities, with cumulative sales of 468 tons.

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