In the first national reserve auction of wheat following the holiday, 301k tons of wheat was listed, with 62%, or 186k tons being purchased by the market. The average price was 2348, up marginally from 2347 yuan per ton for the most recent auction on February 11.
Similar to previous auctions, most of the wheat is relatively old and from the 2017 crop year and is sold in Henan. Of the wheat offered, 278k tons was from 2017, with 172k tons purchased by the market at an average price of 2346 yuan p...