China's total grain reserves are currently sufficient and stocks of wheat and rice, the two major grain stocks, continue to increase, a Chinese official said on Nov 3.
Supply in the domestic grain market is fully guaranteed, said National Food and Strategic Reserves Administration official Qin Yuyun, adding that China's annual grain output in 2021 is projected to exceed 650 billion kilograms for the seventh consecutive year.
Noting that China's current grain reserves are at a historically high level, Qin said that with several bumper harvests, the country's growing wheat stocks are sufficient to meet consumer demand for a year and a half. Qin Yuyun, the administration's head of grain reserves, said the domestic food market supply is completely ensured.
The current grain inventory in China is at a relatively high level in history, and the two major staples of wheat and rice account for more than 70 percent of the total inventory, he said.
China can process 1.5 million metric tons of rice and 800,000 tons of wheat every day.
Moreover, China has more than 5,500 enterprises for grain processing to meet emergency capability, he said.
