Temporary reserve wheat auction achieves a transaction rate of 25.64%, trading results released

Temporary reserve wheat auction achieves a transaction rate of 25.64% With approval from relevant state departments, the national temporary reserve wheat competitive sales trading session held on March 31 planned to sell 998,500 tons of wheat, with an actual transaction of 25.6 tons, a transaction rate of 25.64%, of which: the Henan market auction offered 193,200 tons of market-stabilizing wheat, with a transaction of 9,500 tons, a transaction rate of 4.93%, and an average price of 2,417 yuan/ton; the Anhui market offered a total of 805,300 tons, with a transaction of 246,500 tons, a transaction rate of 30.61%, with white wheat averaging 2,464 yuan/ton and mixed wheat averaging 2,455 yuan/ton.

Small-package oil will become a new profit growth point for grain and oil Under the dual pressure of falling soybean prices and sluggish consumer demand, small-package oil at the retail end is nonetheless a rare survivor. As consumption levels rise, the consumption of small-package oil will gradually develop toward segmentation. Sun Zhong, an analyst at China Grain Network, said that the grain and oil industry is indeed at a trough due to the effects of weak commodity prices and the downturn in the catering industry, but this does not mean that grain and oil enterprises can only "sit and wait for death." After brand packaging and marketing investment, small-package oil has more stable prices and is less affected. The consumption of small-package oil is also gradually developing toward segmentation, and enterprises can absolutely find new profit growth points from it.

Industry experts say that the entire grain and oil market is expected to still struggle to improve in 2015, but some high-end small-package oils such as sunflower seed oil and palm oil do indeed have a certain market and are worth enterprises developing.