It looks like Sinograin will begin selling old rice stocks to supplement the feed industry. These auctions are a bit more difficult to verify because the auctions are only available to state-owned enterprises and feed companies, but there is more information out and this is what the market is currently pricing in.
Rumors of these sales have been circulating since the Chinese New Year. But for comparison, in 2023, rumors around sales of reserve rice started in March, and it wasn’t until August th...