Under State Policy Intervention, Wheat Transaction Rate Hits a Record Low

News of September 9: The transaction rate of state policy-based wheat hit a record low. Monitoring data show that on September 8, the two markets of Anhui and Henan jointly offered 114.42 tons of policy-based wheat at auction, down 0.37 million tons from last week; a total of 0.13 million tons were sold, down 0.26 million tons from last week; the transaction rate was 0.11%, down 0.23 percentage points from last week, a record low.

As of September 8, a cumulative total of 6.6094 million tons of 2014-crop wheat had been sold. Summary data show that as of September 8, a cumulative total of 6.6094 million tons of policy-based wheat had been sold nationwide, with 18.70 million tons remaining. Among this, Jiangsu Province sold a cumulative total of 3.7305 million tons, Anhui Province sold a cumulative total of 1.3722 million tons, Hubei Province sold a cumulative total of 363,500 tons, and Henan Province sold a cumulative total of 1.1433 million tons; Shandong Province saw all lots fail to sell.