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China sells 410,700 tonnes of wheat at auction of state reserves – trade centre

China sold 410,700 tonnes of wheat, or 10.22% of the total offered, at an auction of state reserves last week, the National Grain Trade Center said in a statement on Monday.

The volume sold, at an average price of 2,401 yuan ($367.68) per tonne, declined further from the prior week after the government raised the floor price for wheat sales on April 12.

The table below shows the volume of wheat sold at weekly auctions from China’s state reserves in 2021.
Source: Reuters (Reporting by Dominique Patton and Beijing Newsroom; Editing by Christopher Cushing)

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