BEIJING, May 17 (Xinhua) -- China is expected to reap bumper summer grain and oil crops harvest this year, said Lu Jingbo, deputy head of National Food and Strategic Reserves Administration.
As Lu introduced, Chinese localities actively advanced agricultural supply side reform and optimized their planting structure, resulting in increases of effective supplies such as high-quality wheat planting areas in Henan Province and Jiangsu Province reaching 800,000 hectares and 400,000 hectares respectively and high-quality rapeseed planting areas accounting for more than 80 percent of the provincial total in Sichuan this year.
Projected to sustain relatively high levels, summer grain and oil crops output in China may be accompanied also by high quality and high purchasing price this year.
Later during June 1 and September 30, reserve wheat procurement at a minimum purchasing price set at 1.12 yuan per half a kilo will be conducted in six major wheat planting provinces including Hebei Province, Jiangsu Province, Anhui Province, Shandong Province, Henan Province and Hubei Province.
Compared with the past, China’s summer grain procurement volume has been stabilizing and growing.
This year, 67.5 billion kilograms of wheat is estimated to be procured. Due to ample supply and reserves, ordinary wheat prices generally face downward pressures therefore it is very likely for some places to carry out their procurement plans with minimum purchasing prices.
For high-quality wheat, procurement and sales tend to be more active, and market-oriented procurement and minimum purchasing price procurement will be implemented at the same time.
For rapeseeds, summer procurement may remain normal and stand at 3.20 million tonnes in 2019.
Alongside the reform of China's grain reserve system, high-quality grain and oil crops gradually demonstrated their advantages in prices.
For instance, sales of high-quality wheat remain exuberant and their prices stayed 10 percent higher than the comparable data for ordinary wheat in recent years. For rapeseeds, their prices kept rising and reached 2.8 yuan per half a kilo. (Edited by Duan Jing, firstname.lastname@example.org)