Auction results see low interest in rice, increase corn rotations

National auctions of minimum purchase price reserve rice saw 601k tons listed with 59k tons purchased by the market. The average price was 2367 yuan per ton.

Last week, Sinograin had 8 corn sales auctions, offering 71.9k tons with 36.9k tons being purchased. There were 22 rounds of purchase with Sinograin looking to buy 566k tons and purchasing 395k tons. There were 20 rotation auctions for 322k tons with 259k of that being filled....

 

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