Wheat Auction Declins This Week

By CnAgri2013-11-01 10:59:51 Print

By Oct. 25th, the State auctioned a total of 1.6971 million MT wheat, with turnover quantity of 0.4718 million MT and total turnover rate of 27.80%. Auction of stale wheat in 2009 and 2010 is close to end. The average turnover price was RMB2287/Mt. Since wheat in Henan market declined, total turnover quantity was brought down.
 
For Henan market, 1.4987 million MT was put in with turnover quantity of 0.4246 million MT and turnover rate of 28.33% and average turnover price of RMB2292/MT, among which, 0.399 million MT was traded with protective procurement price with turnover rate of 27.17% with average turnover price of RMB2282/MT. 30200 MT that put in was reserved temporarily with turnover of 25700MT and turnover price of RMB2439/MT. For Anhui market, 0.1984 million MT was put in with turnover quantity of 47200 MT and turnover rate of 23.77%.
 
NE soybean continued being put into market but no rice or corn was put in this week.



From “China Grains Market Weekly Report”