Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans
Date
01/09/2017
Policy Category
Stocks
Policy Instrument
Public stock policy
Description
Resumed sales of old-crop soybeans from state reserves.
Notes
Sales of soybeans from state reserves were resumed in September 2017. Reportedly, out of 300 000 tonnes offered, about 215 500 tonnes have been sold, achieving an average price of CNY 3 140 per tonne (USD 474). The soybeans on offer were from old crops (2013 and older), given that, in 2014, the Government changed its agricultural support policies, discontinuing soybean procurement operations.
