Area
China (Mainland)
Commodity Group
Oilseeds, oils and meals
Commodity
Soybeans, soyoil rapeseed oil
Date
30/09/2018
Policy Category
Stocks
Policy Instrument
Public stockholding
Description
Held, between July and September, public auctions of soybeans, soybean oil and rapeseed oil, with less than one-third of the quantities offered finding a buyer.
Notes
By end-September, this years cumulative sales of soybeans from state-hold inventories stood at 1.64 million tonnes, which compares to a total offer of 5.26 million tonnes. The average sales prices realized was CNY 3 017 (USD 435) per tonne. For soybean oil and rapeseed oil, the total volumes offered amounted to, respectively, 0.62 and 0.48 million tonnes, of which, respectively, 21 percent and 17 percent found a buyer. The average per-tonne prices achieved were CNY 5 000 (USD 720) for soybean oil and CNY 6 029 (USD 869) for rapeseed oil.
