Grain auction from July 2 to July 6 in China

By CnAgri2012-07-16 08:54:50 Print

In grain auction from July 2nd to July 6th, the state put a total of 3.0042 million MT grains into the market, with turnover quantity of 38,400 MT and total turnover rate of 1.28%.

Of which on July 5th, 1,200MT paddy was put in, but no transaction was made.

On 4th July, 3.0030million MT for-flour-wheat was put for auction with turnover quantity of 38,400MT and turnover rate of 1.28% at average transaction price of RMB2090Yuan/MT. Launch of minimum purchasing price policy in south China and increase of international market price made the turnover rate rebound a little.

By details: For Henan market, 2.6100million MT was put in with turnover quantity of 6,300MT and turnover rate of 0.24%. For Anhui market, 0.3930million MT was put in with turnover quantity of 32,100 MT and turnover rate of 8.17%.

Besides, 0.5597million MT soybean of 2008 of national temporary reserve, including soybeans from NE and soybeans delivered from production areas, with turnover quantity of 165,700MT and turnover rate of 29.60% at average price of RMB3952/MT. Total sales of national temporary reserved soybean till now was 0.7551million MT.

There was no transaction regarding corn.

From "China Grains Market Weekly Report"