Grain auction by Oct. 10 2013

By CnAgri2013-10-22 11:39:29 Print

By Oct. 10th, the State auctioned a total of 5.34 million MT wheat, with turnover quantity of 0.9598 million MT and total turnover rate of 17.96%. The average turnover price was RMB2258/Mt, up slightly from the week before National Holiday.
 
For Henan market, 4.9005 million MT was put in with turnover quantity of 0.7976 million MT and turnover rate of 16.27% and average turnover price of RMB2257/MT, among which, 79.45% was traded with minimum purchasing price with turnover rate of 16.24%. 9600 MT that put in was reserved temporarily with turnover of 3100MT and turnover price of RMB2407/MT. For Anhui market, 0.4433 million MT was put in with turnover quantity of 162300 MT and turnover rate of 36.61%.
 
0.5047 million MT NE soybean was put into market this week with turnover quantity of 266700 MT and turnover rate of 52.25% and average turnover price of RMB4013/MT. Turnover quantity totaled 2.1475 million MT this season and turnover quantity of soybean purchased with minimum price accumulated to 5.9097 million MT.
 
This week, 160100 MT was traded in Heilongjiang with average price of RMB4048/MT and turnover rate of 97.08%, 64500 MT in Inner Mongolia, average price of RMB3958/MT and turnover rate of 21.49% and 39100 MT in Jilin, average price of RMB3957/MT and turnover rate of 98.57%.
 
No rice or corn was put in this week.

From “China Grains Market Weekly Report”