Wheat auction sees prices sharply higher and all wheat purchased

Wednesday’s national auction of wheat reserve auction saw 300.7k tons of wheat listed for sale, and 100% of this was purchased by the market. The average price was 2403 yuan per ton, up 39 yuan per ton compared to last week’s auction. The highest price was 2500 yuan per ton, a new high for this year’s auctions, and up 50 yuan per ton compared to the highest price last week....

 

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