21:48, 18.01.2007 — Новости
автор: OilWorld.Ru

DJ China Sells 392,900 Tons Of Wheat Thu; Prices Stable (ENG)


BEIJING (Dow Jones)--China sold 392,900 metric tons of wheat in six provinces
Thursday, 49% of the total 800,000 tons it planned to sell.

  Prices ranged from CNY1,420/ton to CNY1,660/ton, compared with CNY1,400/ton
to CNY1,630/ton in the previous sale.

  The wheat was bought by state warehouses under the minimum purchase prices
last year.

  The sale is among the latest in a series of auctions aimed at stabilizing
wheat prices. China sold 612,548 metric tons of wheat last week, 61% of the
planned volume.

  China's central government designated state-owned warehouses in six major
wheat growing provinces to buy wheat at minimum purchase prices of
CNY1,380-CNY1,440/ton from June to September last year, hoping to protect
farmers' incomes.

  Grains trading centers in the provinces started selling the wheat in November
to cap high cash prices due to a temporary tight supply.


  -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848;
tracy.zheng@dowjones.com


  

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