China spends 1.2bn on grain storage


13 January 1999


China spends £1.2bn on grain storage


CHINA plans to spend £1.2 billion revamping its grain storage facilities after finding that nearly 15% of last years 490m tonne grain harvest was stored outside.

The open-air storage of grain meant supplies were subject to attack from rats, fires and rain.

The problem is one of a number of problems to emerge in the state management of Chinas farm produce.

Auditors last year found that £15bn had gone missing from state grain purchasing funds.

It was subsequently discovered that the Governments grain agency managers had sold produce below cost and diverted the money into private business interests.

  • Financial Times 13/01/99 page 34

FEBRUARY
7

Farmers Weekly Awards Show

Join us for a week-long extravaganza to celebrate the farming heroes and achievements of 2020 and announce the winners of the Farmers Weekly Awards. Countryfile presenter Adam Henson will host five nights of entertainment in 20-minute programmes filmed all over the country. He'll be joined by a host of farming celebrities and feature a special appearance by HRH Prince Charles.
Find out more
See more