Grain auction

By CnAgri2012-11-02 11:07:22 Print

By Oct 25, the State put a total of 4.1490million MT grains into the market, with turnover quantity of 756,100 MT and total turnover rate of 18.22%.

    With reference to paddy, in Heilongjiang and Jilin 151,500 MT paddies were put in all with falling sales.

    With reference to wheat, Henan put 3.9975 million MT in and turnover volume was 756,100 MT with turnover rate being 18.91%. Average turnover price was RMB2118/MT.

    For Henan market, 3.2007million MT was put in with turnover quantity of 383,900MT and turnover rate of 11.99%. For Anhui market, 0.7969 million MT was put in with turnover quantity of 37.22MT and turnover rate of 46.71%.

    This week 0.3980million MT soybean was put in with turnover quantity of 39,200 MT and average turnover price was RMB4527 Yuan/MT. Turnover rate was 9.85%. price in international market decreased and deals in auction were clearly down. the State has offered 3.6968 MT temporary storage soybeans by now. the new grains in Northeast appear on the market and enterprises begin to procure from the markets, among whom, the amount of procurement by Yihai was 50. demands for auction grains were largely reduced when enterprises procured from markets directly.   

    No corn was put in by the State this week.

From “China Grains Market Weekly Report”