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Beijing’s grain and oil reserves can ensure 30 days of demand

China's stock of rations can feed the entire country for a year.

?The storage costs, interest subsidies, rotation costs and price difference losses, losses and losses shall be contracted by the provincial government to the Provincial Grain Bureau. The amount of the contract shall be disbursed from the provincial grain risk fund. Overexpenditures will not be compensated, and the surplus shall be borne by the Provincial Grain Bureau in accordance with relevant policies.

Control the use and establish provincial grain reserve risk compensation funds according to a certain proportion, implement special account management at the Agricultural Development Bank, and be supervised by the Provincial Department of Finance.

Grain and oil subsidies: The storage costs, interest subsidies, rotation costs and spread losses, losses and losses are contracted by the provincial government to the Provincial Grain Bureau. The amount of the contract is disbursed from the provincial grain risk fund. Overspending will not be compensated, and the surplus will be borne by the Provincial Grain Bureau according to relevant regulations.

The policy stipulates that the use shall be controlled, and the provincial grain reserve risk compensation fund shall be established according to a certain proportion, and shall be managed by a special account at the Agricultural Development Bank of China, and shall be supervised by the Provincial Department of Finance.

Grain rotation: rolling reserves and dynamic management are implemented. Storage enterprises must rotate 1/3 of the grain reserves every year, but between October of the current year and March of the following year, they must ensure reserves of 600 million kilograms.

The Provincial Grain Bureau and the storage enterprises are responsible for the rotation costs and price difference profits and losses of the grain and oil reserves.