China's grain purchase expected to hit 400 mln tonnes in 2022

China maintained its grain purchase level and ensured a stable domestic grain market in 2022, against the backdrop of sharply fluctuating international grain prices.

Enterprises across the country are expected to have purchased 400 million tonnes of grains in 2022, basically on par with the levels seen in past years, data from the National Food and Strategic Reserves Administration shows.

The country ensured that the domestic grain market maintained overall stability last year, with an enhanced reserve capacity, amid a global grain price swing, administration head Cong Liang said at a meeting on Wednesday.

Noting that grain and oil consumption has entered its peak season as the Spring Festival holiday approaches, Cong urged all localities to ramp up their supply of green and high-quality products.

Related departments began auctioning wheat on Jan. 11, releasing 140,000 tonnes from the country's reserves weekly. The auction system is expected to be help meet the enterprise demand for grain, Cong said.