During a press conference on Thursday, Cong Liang, the head of China’s National Food and Strategic Reserves Administration, announced that China has achieved steady development in its grain production. He revealed that China’s staple food self-sufficiency rate is above 100%, with cereal self-sufficiency rate standing above 95%. Cong stated that China has consistently kept its farmland area above the red line of 1.8 billion mu (approximately 120 million hectares) and has secured a bumper harvest for the 19th year in a row. Additionally, China’s per capita share of grain is approximately 480 kg, which is higher than the internationally recognized security line of 400 kg. Cong also noted that China’s annual grain purchase averaged at 400 billion kg. Finally, Lu Jingbo, the deputy head of the NFSRA, announced that China’s soybean output reached a record high of over 20 million tonnes in 2022, well above the Chinese people’s food consumption of soybeans, which stood at 13-15 million tonnes per year. The Chinese government has raised the minimum purchase price of wheat by 4 cents per kilogram this year to 2.34 yuan (about 0.34 U.S. dollars) to protect farmers’ benefits.