Miller Magazine Issue: 121 January 2020

CHINA 81 MILLER / JANUARY 2020 700+ Delegates 500+ Companies 50+ Countries X V I I I N T E R N A T I O N A L C O N F E R E N C E PREMIERE EVENT FOR THE GLOBAL LEADERS OF GRAIN AND OILSEED INDUSTRY NEW GLOBAL RULES OF 20’s April 22-23, 2020 INTERCONTINENTAL, KYIV, UKRAINE REGISTRATION www.ukragroconsult.com CONTACTS conference@ukragroconsult.org Tel/Fax +38 (044) 364 5585 GENERAL SPONSOR ORGANIZER SUPPORTED BY employment prospects and incomes, and protect them from low grain prices and problems in selling their output, the government has, over specified pe- riods, on specific grain varieties in specific regions, and in accordance with specific prices, carried out procurement policies including minimum purchase price procurement and temporary state collection and storage. Since 2016, China has gradually im- proved the minimum purchase price policy for rice and wheat, further reduced the proportion of policy procurement. MODERNIZED FOOD STORAGE China has built new modern grain storage facilities and renovated old ones, further increasing storage capacity. In 2018 the storage capacity of qualified grain warehouses was 670 million tons, and that of simple warehouses was 240 million tons. Total effec- tive warehouse capacity grew by 31.9 percent over 1996. Focusing on improving distribution, structure, and functions, China will encourage rational recon- struction, expansion, and construction of grain stor- age and logistics facilities, to advance the smart management of grain depots and guarantee their safe operation. China is furthering reform of state-owned grain enterprises, encouraging the development of a mixed-ownership economy, promoting cross-region- al integration of state-owned grain enterprises, and creating backbone grain enterprise groups. Chinese government aims to transform and upgrade the grain industry, cultivate large transnational grain groups, support the development of small and medium-sized grain enterprises. In the medium to long term, per capita grain con- sumption and demand will drop slightly with social and economic development; the consumption of grain as feed for livestock and grain used for indus- trial purposes will continue to rise; total grain con- sumption will increase and pursue higher quality. In terms of grain production, agricultural costs are still rising, and resource and environmental carrying ca- pacity is broaching its limit. Agricultural infrastructure is comparatively weak, and the capacity for disaster