Trade and markets
 

Detail

Area
China (Mainland)
Commodity Group
Rice
Commodity
All
Date
13/10/2016
Policy Category
Other
Policy Instrument
Sector policy framework
Description
Released the 13th Five-Year Plan for the Grain Industry. The plan emphasizes the importance of solving periodical and structural issues surrounding China\'s food supply and demand balance, while ensuring national food security in the long term. It states that the minimum purchase price policy for paddy and wheat will be maintained and improved, along with steady progress in reforming the maize procurement system, developing the target price policy for soybeans and improving the purchase policy for rapeseed. Technological innovation is also to be strengthened, along with the usage of information system in the agricultural sector. In particular, a "big data" strategy will be implemented by building national, provincial and corporate level information platforms. Information will also be open to the public, once necessary regulatory frameworks are put in place for the purpose. Additional objectives concern the reduction of grain losses at the farm, processing, transportation, and commercial stages and food waste at the consumer level. Among other points, the plan also encourages grain enterprises to develop cross-border production, storage, processing and logistic systems, and become top-tier international companies through mergers and acquisitions.