Center
Strict watch on stale grain sales
By Liu Chang (皇冠体育app Daily)
Updated: 2006-12-25 09:08
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皇冠体育app is auctioning its wheat reserves for the sixth time since last month in Zhengzhou, the capital of Central 皇冠体育app'sHenanProvince, said sources with the 皇冠体育app Grain Reserves Corporation.
The corporation said it purchased 40.7 million tons from June to September to fill state reserves and to reinforce the country's ability to regulate wheat prices.
A spokesman said about 500 to 600 grain processing firms took part in the auction and supply and demand has generally remained steady.
The government will continue to intervene in the market periodically by selling grain reserves. The demand is expected to increase with the approach of the Chinese Lunar New Year.
Food safety has become a problem this year.
Poisonous substances were found in honey in Central 皇冠体育app'sHubeiProvince, lard in East 皇冠体育app'sZhejiangProvince, pork and fish inShanghai, and salted ducks' eggs in North 皇冠体育app'sHebeiProvince.
Experts said that 皇冠体育app lacked an effective supervision network covering production, sales, storage and transportation of food.