China's grain purchase expected to reach 420 million tonnes in 2024: official
China DailyBEIJING -- China's State-owned grain reserve enterprises are expected to purchase around 420 million tonnes of grain from farmers and producers this year, which will mark the second consecutive year that the grain purchase volume is above 400 million tonnes. Grain purchase, along with the policy of setting a minimum grain purchase price, is an important part of China's macro control measures as it is key to safeguarding national food security, maintaining the stability of food prices, protecting the interests of farmers and ensuring supplies in emergency situations. China's grain output hit a record high of 706.5 million tonnes in 2024, an increase of 1.6 percent from last year's output. The year 2024 also marks the first time the country registered a grain harvest of over 700 million tonnes, according to the National Bureau of Statistics data.