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China Grain Reserves Group (Chinese: 中储粮集团), previously referred to as China Grain Reserves Corporation, China Grain Reserve Management Corporation (CGRMC, CGR, SINOGRAIN, Chinese: 中国储备粮管理集团有限公司, 中储粮集团, 中储粮), is a substantial state-owned enterprise specializing in grain and oil storage, processing, trading, logistics, warehousing technology research and services, as well as the oversight and regulation of centralized grain and oil reserve safety. Established in 2000, it was previously referred to as the State Grain Reserve Bureau from March 1991 to April 2000.

China Grain Reserve Group, headquartered in Beijing, comprises 23 branches and 4 completely owned or managed companies as of 2015, with operations across the entire nation. It possesses 338 directly affiliated depots, tasked with the storage of centralized stockpiles of grain, oil, and cotton. The China National Grain Storage Corporation (CNDC) is a significant entity in China's grain and oil sector, tasked with the responsibility of regulating the nation's grain market as mandated by the State Council of the People's Republic of China.

History

In 2000, China instituted a vertical management structure for central grain reserves, culminating in the formal establishment of the China Grain Reserve Management Corporation on May 18, tasked with the operation and management of these reserves.

On August 15, 2003, the State Council issued and implemented the “Regulations on the Management of the Central Grain Reserves” to enhance the administration of central grain reserves, ensure accurate quantity, high quality, and secure storage, safeguard farmers' interests, stabilize the grain market, and optimize the reserves' role in state macro-control. In that year, to satisfy market demand, SINOGRAIN released 800,000 tons of central reserve soybeans into the market. In 2005, to safeguard farmers' interests and ensure the stability of the grain market, the state adopted a minimum purchase price regulation in the primary grain-producing regions. The China Grain Reserves Group serves as the primary executor of the minimum purchase price policy, protecting the interests of grain producers and ensuring the stability of the grain market.

In 2007, the global grain market experienced significant price volatility. In the latter 2007, the SINOGRAIN released almost 5 million tons of central reserve rice, corn, and edible oils into the market, essentially stabilizing the prices. In 2008, the SINOGRAIN established the China National Grain Reserve Oils & Fats Company, which focused on the management of oils, fats, and oilseeds. Since 2008, the corporation has commenced the implementation of acquisition duties for corn, soybean, and rapeseed policies. On 12 May, following the 2008 Sichuan earthquake, the SINOGRAIN implemented emergency measures for the allocation of 630,000 tons of central grain and oil reserves, as well as 14,000 tons of central edible oil reserves.

In 2009, the corporation released 2.5 million tons of central reserve round-grained rice onto the market through a specific rotation, thereby contributing to the macro-control of food supply. In 2010, the SINOGRAIN executed the State Council's strategies for supply maintenance and price regulation, releasing a total of 83.71 million tons of policy grain and oil into the market to secure grain supply, stabilize overall price levels, and facilitate the smooth and healthy functioning of the national economy. In 2012, the China National Grain Storage Corporation constituted its board of directors.

In 2013, the SINOGRAIN advanced the reform of operational and logistical specialization, establishing the China National Grain and Cereals Storage and Logistics Company (CGCSL) to enhance reserve management and improve operational efficiency. On November 23, 2016, after the State Council's approval, the China National Cotton Reserves Corporation was amalgamated into the SINOGRAIN and became a wholly-owned subsidiary of the latter. The newly established SINOGRAIN encompasses reserves of wheat, rice, corn, soybeans, edible oils, and additional types, thereby becoming the largest agricultural reserve entity in China.

References

1. 国家行政学院 (2000). 中华人民共和国政府机构五十年, 1949-1999 (in Chinese). 党建读物出版社. p. 59. ISBN 978-7-80098-406-8. Retrieved 2024-12-14.
2. 《中国政府机构名录》编辑部 (2002). 中国政府机构名录 (in Chinese). 中央文献出版社. p. 756. ISBN 978-7-5073-1253-9. Retrieved 2024-12-17.
3. 中国国有资产监督管理年鉴 (in Chinese). 中国经济出版社. 2009. p. 176. Retrieved 2024-12-17.
4. Boehme, Dr. Michaela (2022-08-29). "New grain giant to manage China's reserves". DCZ - Sino-German Agricultural Centre. Retrieved 2024-12-17.
5. 中国社会科学院农村发展研究所; 国家统计局农村社会经济调查总队 (2001). 中国农村经济形势分析与预测 (in Chinese). 社会科学文献出版社. p. 28. ISBN 978-7-80149-517-4. Retrieved 2024-12-17.
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8. "目前中储粮成都分公司辖区中央储备粮基本安全". 中国政府网_中央人民政府门户网站 (in Chinese). Retrieved 2024-12-17.
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11. "经济日报：中储粮集团公司服务国家粮食宏观调控大局－国务院国有资产监督管理委员会". 国务院国有资产监督管理委员会 (in Chinese). 2018-12-19. Retrieved 2024-12-17.
12. "国资委：中国储备棉管理总公司整体并入中国储备粮管理总公司". 澎湃新闻 (in Chinese). 2016-11-23. Retrieved 2024-12-11.
13. "中国储备粮管理总公司与中国储备棉管理总公司实施重组－国务院国有资产监督管理委员会". 国务院国有资产监督管理委员会 (in Chinese). 2016-11-23. Retrieved 2024-12-11.

• Government-owned companies of China
• Food politics
• Companies based in Beijing
• Chinese companies established in 2000
• 2000 in Beijing