The Transaction Rate of Corn Auction with Lump-Sum Sales, Installment Credit and targeted sales was Separately 100%, 85

By CnAgri2017-05-22 13:59:59 Print

On May 9th, 0.8595 million MT of temporarily-stored corn was auction with lump sum. The transaction rate was 100% and the average transaction price was RMB 1,673/MT.

On May 11th, 2.5042 million MT of temporarily-stored corn was auctioned with installment credit. The transactions were 2.1387 million MT at an average transaction price of RMB 1,378/MT; the transaction rate was 85.41%.

On May 12th, 0.4531 million MT of temporarily-stored corn was sold to targeted groups. The transactions were 0.3353 at an average price of RMB 1,331/MT; the transaction rate was 76.09%.