Grain auction

By CnAgri2012-10-19 10:52:39 Print

By October 12, the State put a total of 3.9949million MT grains into the market, with turnover quantity of 31,060 MT and total turnover rate of 10.35%.

With reference to paddy, 800 MT paddies were put in and all were sold. Average turnover price was RMB1990/MT.

With reference to wheat, Henan put 2.9986 million MT in and turnover volume was 309,700 MT with turnover rate being 10.33%. Average turnover price was RMB2093/MT.

For Henan market, 2.6990million MT was put in with turnover quantity of 26,9800MT and turnover rate of 10.00%. For Anhui market, 0.2996million MT was put in with turnover quantity of 3.99MT and turnover rate of 13.32%.

This week 0.4012million MT soybean was put in with turnover quantity of 0.2254million MT and average turnover price was RMB4408 Yuan/MT. Turnover rate was 56.07%. Since then, the accumulative turnover volume of soybean at bottom purchase price was 3.6576 million MT. No corn was put in this week.

From “China Grains Market Weekly Report”