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In order to support the New Year’s purchase of autumn grains and ensure the stable supply and price of the grain and oil market during the Spring Festival and other major festivals and important periods, the Agricultural Development Bank has recently issued a notice to formulate emergency plans for emergencies such as epidemics in advance to ensure uninterrupted New Year’s purchases and continuous funding supply files. Up to now, a total of 152.7 billion yuan of autumn grain and oil purchase loans have been issued.
According to the notice, in view of the recent increase in farmers’ demand for cash in grain sales, and the traditional peak season of grain and oil consumption, the branches of the Agricultural Development Bank at all levels should speed up credit extension and do a good job in the work of ensuring stable income and supply of credit in the grain and oil market. On the one hand, we must make every effort to ensure the supply of policy-based purchase and storage funds, and ensure timely and sufficient funds for the central and local reserve increase and rotation, and the purchase of rice at the lowest purchase price, so as to achieve loans on demand. On the other hand, actively and steadily support market-oriented purchases and sales, play a leading and leading role, and serve the stability of the supply chain of the grain industry chain. Encourage the innovation of credit models according to local conditions, and support the development of new formats and models in the grain purchase and sale market.
According to the data from the Agricultural Development Bank, as of now, it has supported enterprises to purchase 205 billion catties of grain and oil, and the market share of supporting enterprises to purchase autumn grain has stabilized at more than 50%, which has further played the role of the main channel for the supply of grain purchase and storage funds. (China Securities Journal)
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