Grain auction from June 25 to June 29 in China

By CnAgri2012-07-09 18:26:10 Print

In grain auction from June 25 to June 29, the state put a total of 2.9976 million MT grains into the market, with turnover quantity of 6,800 MT and total turnover rate of 0.23%.

Of which on 28th June, 1,200MT paddy was put in, but no transaction was made.

On 27th June, 2.9964million MT for-flour-wheat was put for auction with turnover quantity of 6,800MT and turnover rate of 0.23% at average transaction price of RMB2100Yuan/MT. with launch of minimum purchasing price policy in south China, the turnover rate rebound a little.

By details: For Henan market, 2.6376million MT was put in with turnover quantity of 4,800MT and turnover rate of 0.18%. For Anhui market, 0.3588million MT was put in with turnover quantity of 2,000 MT and turnover rate of 0.56%.

Besides, 0.5639million MT soybean of 2008 of national temporary reserve, including soybeans from NE and soybeans delivered from production areas, with turnover quantity of 121,500MT and turnover rate of 21.55% at average price of RMB3887/MT. Total sales of national temporary reserved soybean till now was 0.5895million MT.

There was no transaction regarding corn.

From "China Grains Market Weekly Report"