May 19, 2024 | 11:45 GMT +7
Hotline: 0913.378.918
May 19, 2024 | 11:45 GMT +7
Hotline: 0913.378.918
China plans to sell million tons of stockpiled rice for animal feed. Photo: TL.
According to Oryza, the Chinese government plans to release 2 million tons of rice from the national reserves for animal feed in an effort to cope with a record high of corn prices due to depletion of reserves and reduced harvest output. Earlier, China sold about 1.4 - 1.5 million tons of rice for animal feed.
On March 31, 2021, the basic price for rice-animal feed producers was 1,500 Yuan (about US$ 228.62)/ton, lower than the current corn price of 2,700 - 3,200 Yuan (about US$ 411 - 487)/ton
The Director of China Food Reserve Department of the National Food and Strategic Reserves Administration, stated that the current sale of grain for animal feed will not affect the country's food security and the government is reportedly planning to free up more stockpiled rice and wheat until the corn prices stabilized.
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