China targets 4.5 trillion yuan for grain industry by 2030
What happened
Liu Huanxin, head of the National Food and Strategic Reserves Administration, announced that China aims for the annual industrial output value of its grain industry to exceed 4.5 trillion yuan by 2030, according to a press conference in Beijing. The administration stated that support will be provided to major grain-producing counties to strengthen county-level grain economies and boost processing capacity. Efforts will also target loss reduction and the accelerated adoption of green grain storage technologies.
From globaltimes.cn
Why it matters
The government plans to nurture leading enterprises and guide smaller firms toward specialized, high-end growth and the creation of grain brands. This policy aims to improve the quality and nutrition of food while increasing value-added returns across the entire post-harvest chain.
Hubei is a major grain-producing province of China, and Xiangyang is situated within the province of Hubei.
From globaltimes.cn
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.