National minimum price auction sees prices fall
National auctions of minimum purchase price rise saw relatively weak results again this week. 600k tons of rice were listed, with 51k tons purchased, or a transaction rate of 8.5%. The average price fell 20 yuan per ton compared to last week, with an average price of 2610 yuan per ton.
All of the rice purchased was japonica rice in Heilongjiang. Heilongjiang’s grain stockpiler noted pressure to sell stocks this week, in part due to higher moisture ...