China’s state grain stockpiler sees record inventory cut
China’s state grain stockpiler Sinograin said Saturday that it had made breakthrough in inventory reduction last year, with record high sales of 132.73 million metric tons. Sinograin has met its goal in reducing the inventory of cotton, soybeans and rapeseed oil in 2018, second year of its inventory-cutting drive, according to the company’s general manager Deng Yiwu. The company managed to reduce reserves in over 7,000 storehouses by 100 million metric tons of corn, 17 million metric tons of unhusked rice, 10.66 million metric tons of wheat, over 2 million ...
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