The State Reserve held its weekly temporary storage corn auction today, January 11, in a number of provinces around China. Of the 227,215 metric tons (MT) of corn planned for sales, 175MT were actually traded. This week's corn auction trade rate is 0.08%.
The State Reserve also held its weekly inter-province temporary storage corn auction today. Of the 1.544 million MT of corn planned for sales, 164,090 MT were actually traded. This week's inter-provincial auction trade rate is 10.63%. Guangdong province registered the largest trading volume with 39,381 MT of corn traded, or 79.08% of the planned reserves for sale.
