The national auctions of reserve wheat on Wednesday saw strong results with 85% of the wheat being purchased, and an average price of 2364 yuan per ton. This is 16.5 yuan per ton higher than the auction last week.
Since the start of the year, 1.4 million tons have been purchased by the market through the national reserve auctions. This week saw 85% of the offered volume purchased, which is the highest participation across the eight rounds of auctions. That is also after Sinograin increased the w...