Shandong's grain industry witnesses remarkable results in the first half of this year. [Photo/Dazhong News]

The total industrial output value of Shandong's grain industry exceeded 230 billion yuan ($32.01 billion), with a year-on-year growth of 4 percent in the first half of this year, according to data announced at the provincial conference on promoting grain and material reserves held in Jinan on Aug 5.

The province is home to 10 enterprises with annual output values over 10 billion yuan, 42 over 3 billion yuan, and more than 100 over 1 billion yuan. Key projects are progressing, including 27 grain processing equipment upgrades. Efforts focus on building new grain storage facilities, green storage upgrades, and "smart granary" construction.

Shandong has also prepared over 13.28 billion kilograms of storage space and nearly 30 billion yuan in credit funds for summer grain purchases. The province's grain acquisition loan credit guarantee fund has issued over 19 billion yuan in loans to support diverse market players.

In the second half of the year, Shandong will take measures to strengthen grain management, optimize reserve grain varieties, and promote grain circulation.