The National Price Bureau meeting requires all levels of price authorities to improve the food, pork, edible vegetable oil, petroleum, coal, fertilizer, and other important commodity reserve systems in order to strengthen and improve price control, while also taking measures to protect farmers' enthusiasm for growing grain.
The meeting called for the improvement of reserve handling, import and export adjustment mechanisms, and prevention of price volatility.
On the same day, Liu Mingkang, chairman of the China Banking Regulatory Commission, said that consumer prices and producer prices have fallen sharply last month, and China is facing deflationary pressure.
In addition, the government hopes to implement the policy of raising the minimum purchase price of grain in order to stabilize market grain prices and increase farmers' income.
Official media reported this week that the second group of countries had temporarily stored 14 million tons of grain to be purchased, and arranged for an additional 10 yuan to invest in grain drying equipment and edible oil and oil reserve facilities.
At the same time, the meeting also requested to improve the linkage mechanism between the price of agricultural fertilizers, diesel and other agricultural materials and the direct subsidies for agricultural production.
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