China’s state-owned stockpiler has kicked off the long-waited auctions of imported soybeans starting this Friday amid slow pace of cargo purchases from abroad due to negative crush margins.
The first round of auctions in 2022 will offer 500,000 tons of national soybean reserves imported back in 2019 across eight provinces among which five are on east coast, two in central China and one in the western part of the country.
This is expected to be the first round of weekly imported soybean auctions ...