April 8, 2011
 

China sells 108,991 tonnes of feed wheat

China's government sold 108,900 tonnes of state wheat inventories whose quality has degenerated for animal feed production and the amount sold is equal to 36% of the volume of 300,900 tonnes offered at Tuesday's (Apr 5) auction.

The auction marked the pioneer sale of wheat inventories to feed mills in the midst of tight local corn supplies.

Prior to the sale, analysts said the government may keep about 1.64 million tonnes of feed-grade wheat, which was harvested in 2009.