Date
18 October 2017

Govt bans corn, soya bean imports for grain reserve, paper says

The central government has banned grain officials from buying imported corn and soya bean as part of its latest annual purchases to supplement reserves in the northeast and Inner Mongolia, National Business Daily reported Tuesday, citing a joint statement by the National Development and Reform Commission and the Ministry of Finance. The ban is to prevent transgenic grain making its way into national stockpiles. About 85 percent of the soya bean and 3.21 percent of the corn bought this year in China was imported, the report said. China Grain Reserves Corp (Sinograin), the main entity that manages the state grain reserves, bought imported transgenic rapeseed for storage in late October. 

– Contact HKEJ at digest@ejinsight.com

MY/AC/SK

 

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