China to start auctioning soyoil, soybean next week
China’s state-owned stockpiler Sinograin said it will begin selling national reserves of imported soyoil and domestic soybeans next week, reacting quickly to government announcement earlier this week and further confirming market rumors.
Nearly 12,700 tons of soyoil reserve imported in 2020 will be auctioned across ten provinces next Monday, and deliveries will be made between March 1 and April 19 depending on the settlement location.
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