Grain auction from July 9th to July 13th in China

By CnAgri2012-07-24 15:41:00 Print

In grain auction from July 9th to July 13th, the state put a total of 3.0081 million MT grains into the market, with turnover quantity of 24,500 MT and total turnover rate of 0.81%.

Of which on 12th Jul, 8,900 MT paddy was put in, with turnover quantity of 6,700 MT and turnover rate of 75.82% at average price of RMB1986Yuan/MT.

On 11th July, 2.9992million MT for-flour-wheat was put for auction with turnover quantity of 17,800MT and turnover rate of 0.59% at average transaction price of RMB2078Yuan/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, 2.63330million MT was put in with turnover quantity of 14,300MT and turnover rate of 0.54%. For Anhui market, 0.3659million MT was put in with turnover quantity of 3,500 MT and turnover rate of 0.96%.

Besides, 0.3944million MT soybean of 2008 of national temporary reserve, including soybeans from NE and soybeans delivered from production areas, with turnover quantity of 390,100MT and turnover rate of 98.90% at average price of RMB4003/MT. Total sales of national temporary reserved soybean till now was 1.14521million MT. International soybean market price increase moved up turnover rate.

There was no transaction regarding corn.

From "China Grains Market Weekly Report"