Auction of temporary state-stored paddy rice achieves a transaction rate of only 5.47%

Auction of temporary state-stored paddy rice achieves a transaction rate of 5.47% With the approval of the relevant state departments, the national temporary state-stored paddy rice competitive sales trading session held on June 16 planned to sell 1,756,736 tons of paddy rice, with an actual transaction volume of 96,166 tons and a transaction rate of 5.47%, of which: 2013 early indica rice planned sales of 494,759 tons, all failed to sell; 2013 mid-to-late indica rice planned sales of 1,008,559 tons, with an actual transaction volume of 2,206 tons, a transaction rate of 0.22%, and an average transaction price of 2,711 yuan/ton; 2014 mid-to-late indica rice planned sales of 253,418 tons, with an actual transaction volume of 93,960 tons, a transaction rate of 37.08%, and an average transaction price of 2,815 yuan/ton.

Australia lowers rapeseed export forecast Australia lowered its rapeseed export forecast to a five-year low, citing declining production prospects, while also raising its rapeseed price forecast, though it expects soybean prices to weaken. The Australian Bureau of Agricultural and Resource Economics lowered Australia's 2015/16 rapeseed export forecast by 11.3%, to 2.18 million tons. This will be the worst export performance since 2010/11, and also the third consecutive year of decline since the record high of 3.49 million tons in 2012/13.