Purchases in the regular corn auctions from the State inventory of the Chinese Government have been declining in the past week. The 1.22 million tons maize that were offered, only 36% to an average price of $ 248,17 USD/tonne or 6.3 USD/Bardhan sold (441,000 tons).
Until now 8.6 million tonnes were sold in this year's auctions corn from State reserves to local markets in China. Tomorrow, the next auction will be held.
