China Grain Network reported that entrusted by China Grain Reserve Management Corporation, the Zhengzhou Grain Wholesale Market held a minimum purchase price wheat auction sales on December 21st, selling the lowest purchase price of 2,380,900 tons of wheat, the actual total turnover of 76.19 million tons, the turnover rate 2.90%, the average transaction price was 1899.84 yuan/ton.
According to the report, one white wheat traded 41.24 million tons, the transaction rate was 4.74%, and the average transaction price was 1,903.75 yuan per ton; the second-class white wheat transaction was 34.95 million tons, the transaction rate was 2.01%, and the average transaction price was 1,895.23 yuan per ton.
Earlier that day, the State Grain Bureau also held a national temporary storage wheat auction (including inter-provincial warehouse transfer) in the Anhui grain wholesale trade market and its networked market. It plans to trade 367,700 tons of white wheat, with an actual turnover of 155.8 million tons. The rate of 4,24%, the average transaction price of 1879 yuan / ton.
China Food Network analyst Wang Ling told reporters at the “First Financial Daily†on Wednesday that the flour price has not risen yet, and the price of bran has fallen a lot compared to the previous period, and processing company profits have been squeezed. Although the flour processing enterprises have procurement requirements, they are relatively cautious in bidding and are reluctant to accept high-priced wheat;
The National Bureau of Statistics announced on December 2 that the 2011 national grain production announcement stated that the national total wheat output in 2011 was 117.92 million tons, which represented an increase of 2.74 million tons or 2.4% over the previous year, of which winter wheat output was 110.79 million tons and production was increased by nearly 2.12 million tons.
According to the report, one white wheat traded 41.24 million tons, the transaction rate was 4.74%, and the average transaction price was 1,903.75 yuan per ton; the second-class white wheat transaction was 34.95 million tons, the transaction rate was 2.01%, and the average transaction price was 1,895.23 yuan per ton.
Earlier that day, the State Grain Bureau also held a national temporary storage wheat auction (including inter-provincial warehouse transfer) in the Anhui grain wholesale trade market and its networked market. It plans to trade 367,700 tons of white wheat, with an actual turnover of 155.8 million tons. The rate of 4,24%, the average transaction price of 1879 yuan / ton.
China Food Network analyst Wang Ling told reporters at the “First Financial Daily†on Wednesday that the flour price has not risen yet, and the price of bran has fallen a lot compared to the previous period, and processing company profits have been squeezed. Although the flour processing enterprises have procurement requirements, they are relatively cautious in bidding and are reluctant to accept high-priced wheat;
The National Bureau of Statistics announced on December 2 that the 2011 national grain production announcement stated that the national total wheat output in 2011 was 117.92 million tons, which represented an increase of 2.74 million tons or 2.4% over the previous year, of which winter wheat output was 110.79 million tons and production was increased by nearly 2.12 million tons.
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