May 18, 2004

China Jilin Province To Sell 105,234 MT Old Corn In Auction

China's Jilin province is scheduled to sell 105,234 metric tons of old corn in an auction on Friday, traders in northeastern China said Tuesday.

Only large feedstuff producers in Jilin with annual processing capacity of over 50,000 tons of corn are eligible to bid at the auction, traders said.

China's provincial governments hold grain auctions each year to rotate government-held stocks.