National Food and Strategic Reserves Administration


The National Food and Strategic Reserves Administration is a deputy ministerial-level national agency administered by the National Development and Reform Commission of the People's Republic of China. Its mandate is to stockpile strategic resources and intervene in markets using this stockpile when necessary.
WWW chinagrain.gov.cn

History

The National Food and Strategic Reserves Administration is established in March 2018 as part of the deepening the reform of the Party and state institutions. The National Development and Reform Commission is responsible for management. Concurrently, the State Grain Bureau was abolished.
On April 4, 2018, the National Food and Strategic Reserves Administration was inaugurated.
As the State Reserve Bureau in 2005, it released 80,000 tonnes of copper into the global market amid rapidly rising copper prices. In 2019, the Administration released pork onto the market following a swine flu outbreak. In 2021, the Administration released 110,000 tonnes of copper into the global market.