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Reports of Missing Grain from Local Reserves Under Investigation

The State Administration for Grain has sent a team to Anhui Province to investigate a recent story that the grain stock from local storage facilities has gone missing missing, prompting speculations of possible corruption charges. Grain reserves are stored and subsidized by the government at local storage facilities but the actual stock may have been inflated by the local officials in order to receive extra subsidized compensation. Meanwhile, recent soaring grain prices have led to illegal selling of reserve stocks for "double profits". Amid fears of the worst grain shortage in two decades, the report caused grave concerns among government officials that this practice may be widespread. The annual nationwide auditing of the grain storage by the State Administration for Grain has been underway six months earlier than the normal August/September season.

Source: Xinhua, April 15, 2008