Grain auction with Turnover of Only Wheat

By CnAgri2012-12-10 11:31:18 Print By Nov 28, the State put a total of 4.0038million MT grains into the market, with turnover quantity of 0.8311million MT and total turnover rate of 20.75%. The entire turnover was on wheat with an average turnover price of RMB2166/Mt.
 
For Henan market, 3.3564million MT was put in with turnover quantity of 494,000MT and turnover rate of 14.72%. For Anhui market, 647,400 MT was put in with turnover quantity of 33.71MT and turnover rate of 52.07%.
 
No rice, corn or soybean was put in this week. Data on stock out and purchasing of state grain is of more and more no transparency, likely to cause more and larger corruption and even influencing state grain security, which needs highly noticing.

  

From “China Grains Market Weekly Report”