Currently more than 90% of China's grain purchase volume is based on the market

Beijing, October 15 (IANS). During the 14th five -year plan, China’s average annual grain purchase volume exceeded 400 million tons. Currently, there are more than 90% of this volume the market -based acquisition acquisition and has become the bulk of grain acquisition. Liu Huanxin, director of the National Grain and Strategic Reserves Administration of China, said it during a series of press conferences on the ‘high quality completion of the 14th five-year plan’ arranged by the State Council Office of China on October 14. Autumn crops are responsible for about three -quarters of annual grain production, covering many varieties, large quantities and broad areas. This year, the autumn grain acquisition process is going on. Liu Huanxin said efforts should be made to promote market -based acquisition. (Consenting China Media Group, Beijing)-Sanans ABM/ Share these Story Tags