Beijing’s grain and oil reserves can ensure 30 days of demand

China’s stock of rations can feed the entire country for a year. ?

The custody costs, interest subsidies, rotation costs and price difference losses, losses and losses shall be contracted by the provincial government to the Provincial Grain Bureau. The contract amount shall be disbursed from the provincial grain risk fund. Overexpenditures will not be compensated, and the surplus shall be paid by The Provincial Grain Bureau controls its use in accordance with relevant policies and regulations, and establishes provincial-level grain reserve risk compensation funds at a certain proportion. It is managed by a special account at the Agricultural Development Bank, and the Provincial Department of Finance exercises supervision.

Grain and oil subsidies:

The storage costs, interest subsidies, rotation costs and spread losses, losses and losses are contracted by the provincial government to the Provincial Grain Bureau, and the amount of the contract is drawn from the provincial grain risk fund Expenditures are listed, and over-expenditures are not reimbursed. The surplus is controlled and used by the Provincial Grain Bureau in accordance with relevant policies and regulations, and provincial grain reserve risk compensation funds are established according to a certain proportion. Special account management is implemented at the Agricultural Development Bank, and the Provincial Department of Finance exercises supervision.

Grain rotation: Implement rolling reserves and dynamic management. Storage enterprises must rotate 1/3 of the grain reserves every year, but between October of the current year and March of the following year, 600 million kilograms of grain must be guaranteed. reserve. The Provincial Grain Bureau and the storage enterprises are responsible for the rotation costs and price difference profits and losses of the grain and oil reserves.