Focus this week
The 2021 central economic work conference was held in Beijing from December 8 to 10. In agriculture, the meeting clearly pointed out that “we should correctly understand and grasp the supply guarantee of primary products, give priority to saving and implement the comprehensive saving strategy” “We should put the improvement of comprehensive agricultural production capacity in a more prominent position, continue to promote the construction of high-standard farmland, deeply implement the action to revitalize the seed industry, improve the level of agricultural machinery and equipment, and ensure the reasonable income of grain farmers. The Chinese people’s rice bowl should be firmly in their own hands at all times.” “Ensure the supply and stable price of grain, oil, meat, eggs, milk, fruits and vegetables.”
Core view
We will strengthen the guarantee of China’s resource production and improve the comprehensive agricultural production capacity. The 2021 meeting once again emphasized the bottom line of food security. Under the impact of the epidemic in the century, the international situation has changed and the uncertainty of global agricultural production has increased. The meeting emphasized the bottom line of self-sufficiency of primary strategic materials such as food, that is, to ensure that China should have sufficient food reserves in any global emergency. Stabilizing the price of staple grain and ensuring the reasonable income of grain farmers is still an important policy orientation next year.
We will thoroughly implement the revitalization of the seed industry and update the business environment of seed enterprises. The seed industry is an important carrier of “storing grain in technology”. In 2021, the environment of China’s seed industry will be significantly improved, the protection of intellectual property rights will be strengthened, the crackdown on counterfeiting will be strengthened, and the revision of the seed law and the solicitation of opinions on the approval methods of genetically modified seed varieties will be promoted. In 2021, various policies will enter the implementation period, and China’s seed industry and seed enterprises will open a new situation.
Risk statement
Shenzhen Agricultural Products Group Co.Ltd(000061) price fluctuation risk, epidemic risk, industry competition and product risk, policy risk.
