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Shandong invests 2.3 billion yuan to improve grain storage

2021/11/22 16:51:12   source:sdchina.com

Recently, Shandong Provincial Food and Strategic Reserves Administration held a press conference to brief on the “Development Plan of Grain Circulation and Strategic Reserves of Shandong Province during the 14th Five-Year Plan Period” (hereinafter referred to as the “Plan”).

The “Plan” focuses on the core functions of grain circulation and strategic reserves, stipulates the implementation of six major enhancement actions including the enhancement of the capabilities of grain emergency protection, to develop the province into a powerhouse of the grain industry.

Focusing on the implementation of the “Plan”, Shandong Province will use 2.3 billion yuan in the province’s grain risk fund to support the upgrading of grain storage, the construction of high-standard grain depots, and emergency supply outlets, etc.

Shandong will also set up a credit guarantee fund for grain purchase loan with a total scale of 400 million yuan, and establish four provincial-level regional food security emergency guarantee bases in Jinan, Qingdao, Linyi, and Binzhou respectively to ensure the supply and stabilize the market.

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