The most recent round of minimum price wheat reserves saw 801k tons listed and 475k tons, or 59.2%, purchased by the market. The average price was 2375 yuan per ton, down 11 yuan per ton compared to last week.
This was the smallest percentage purchased in the weekly auctions since the first auction on January 7, where 53.0% of the 199k tons was purchased.
There is speculation in the market that this could be the last round of the national auctions of minimum purchase price wheat this year. This ...