Construction has begun on China’s first state-level rice trading centre, reported People’s Daily. The Wuhan National Rice Trading centre, covering an area of 1.3 sq km and with an investment of more than Rmb3.7bn, will be situated in the city’s Yangluo Economic Development Zone in Xinzhou district.
Upon completion in five years, it is expected to have an annual trade volume of 10m tons and a grain storage capacity of 350,000 tons. The centre is designed to become a large-scale modern logistics zone for grain incorporating the eight major functions of grain storage: processing, transhipment, trading, delivery, inspection, information and services.