Grain Auction by Sept. 25th

By CnAgri2013-10-12 11:31:03 Print

By Sept 25th, the State auctioned a total of 6.8018 million MT wheat, with turnover quantity of 1.0914 million MT and total turnover rate of 16.05%. The average turnover price was RMB2267/Mt, up slightly from last week. To cope with high demand in Mid-Autumn holiday and National holiday, related departments increased the auction frequency and quantity, favorable for procurement of flour enterprises. But due to poor quality of wheat, turnover condition was not good. 

For Henan market, 6.0817 million MT was put in with turnover quantity of 0.8157 million MT and turnover rate of 13.41% and average turnover price of RMB2268/MT, among which, 4600 MT that put in was reserved temporarily with no turnovers. For Anhui market, 0.7201 million MT was put in with turnover quantity of 275600 MT and turnover rate of 38.28%.

0.5007 million MT NE soybean was put into market this week with turnover quantity of 250000 MT and turnover rate of 49.93% and average turnover price of RMB4032/MT. Turnover quantity totaled 1.8838 million MT this season and turnover quantity of soybean purchased with minimum price accumulated to 5.646 million MT.

This week, 159400 MT was traded in Heilongjiang with average price of RMB3897/MT and turnover rate of 99.50%, 85400 MT in Inner Mongolia, average price of RMB3963/MT and turnover rate of 28.88% and 5300 MT in Jilin, average price of RMB3918/MT and turnover rate of 11.7%.

No rice or corn was put in this week.





From “China Grains Market Weekly Report”