Transaction rate of reserve wheat auction stands at 16.18%

Transaction rate of reserve wheat auction stands at 16.18% With approval from the relevant state departments, the competitive sales session for state reserve wheat held on May 12 planned to sell 1.1647 million tonnes of wheat, with an actual transaction volume of 188,400 tonnes and a transaction rate of 16.18%. Among this, the Henan market offered 335,700 tonnes of market-support wheat, with an actual transaction volume of 42,100 tonnes, a transaction rate of 12.53%, and an average transaction price of 2,515 yuan per tonne; of this, 204,000 tonnes from the 2014 crop were offered, with a transaction rate of 20.59% and an average price of 2,516 yuan per tonne; Anhui province offered 829,000 tonnes, with an actual transaction volume of 146,300 tonnes, a transaction rate of 17.65%, an average price of 2,469 for white wheat and an average price of 2,488 for mixed wheat.

Domestic grain and oil prices remained stable last week According to monitoring by the Ministry of Commerce, grain and oil prices in 36 large and medium-sized cities nationwide remained stable last week. Grain prices remained stable, with rice and flour prices both unchanged from the previous week. Edible oil prices were generally stable, with soybean oil and peanut oil prices both unchanged from the previous week, while rapeseed oil prices fell 0.1%. Meat prices fluctuated slightly, with pork and beef prices rising 0.9% and 0.8% respectively from the previous week, while mutton prices fell 1.1%.