The National Food and Strategic Reserves Administration of China revealed on Saturday (December 27) that, as of now, various types of grain operators across the country have cumulatively purchased over 200 million tons of autumn grain, an increase of 32 million tons year-on-year, reaching the highest level for the same period in recent years.
According to a report by China News Service, since the start of this year's peak autumn grain purchasing season, farmers have actively sold their grain and companies have enthusiastically bought grain, with the purchase progress significantly faster than that of the same period last year. By variety, the purchase of mid-late indica rice is 48 million tons, japonica rice is 35 million tons, corn is 117 million tons, and soybeans are 8 million tons.
Compared to the expected purchase volume, the peak purchasing progress of mid-late indica rice is close to 80%, japonica rice exceeds 70%, corn is more than half complete, and soybeans are over 60%, with the overall purchasing progress proceeding smoothly.
Luo Shouquan, Director of the Grain Reserve Department of the National Food and Strategic Reserves Administration, said that this year's autumn grain procurement is characterized by fast progress, an active market, and increased prices. Various market players are competing to enter the market, purchase and sales are both flourishing, the purchase prices of major autumn grain varieties have generally stabilized and rebounded, quality varieties have good sales channels, and companies have strong procurement willingness.
Luo Shouquan, Director of the Grain Reserve Department of the National Food and Strategic Reserves Administration, said that this year's autumn grain procurement is characterized by fast progress, an active market, and increased prices. Various market players are competing to enter the market, purchase and sales are both flourishing, the purchase prices of major autumn grain varieties have generally stabilized and rebounded, quality varieties have good sales channels, and companies have strong procurement willingness.
According to monitoring, the purchase prices of japonica rice, soybeans, and corn in Northeast China are up about 2%, 5%, and 10% year-on-year, respectively. High-quality japonica rice and high-protein soybeans are favored by the market, with prices per catty reaching as high as 1.5 yuan (RMB, the same below) and over 2.3 yuan respectively, with farmers’ grain-growing income having increased significantly compared to last year.
As New Year's Day 2026 and the Spring Festival approach, the grain market will become even more active in terms of buying and selling. The National Food and Strategic Reserves Administration stated that it will continue to focus on the procurement of autumn grain, guide all regions and relevant enterprises to further intensify their purchasing efforts to ensure every grain is stored, guide farmers to sell their grain in a timely and orderly manner, so that a good harvest can translate into good income. At the same time, it will guide localities to strengthen grain supply scheduling to ensure ample supply and stable prices of grain and oil during the holidays.
As New Year's Day 2026 and the Spring Festival approach, the grain market will become even more active in terms of buying and selling. The National Food and Strategic Reserves Administration stated that it will continue to focus on the procurement of autumn grain, guide all regions and relevant enterprises to further intensify their purchasing efforts to ensure every grain is stored, guide farmers to sell their grain in a timely and orderly manner, so that a good harvest can translate into good income. At the same time, it will guide localities to strengthen grain supply scheduling to ensure ample supply and stable prices of grain and oil during the holidays.