August 13, 2009

China's Jilin sold 12,500 tonnes of soy out of the 100,583 tonnes offered at warehouses in the fourth round of state soy auctions, according to the country's National Grain and Oil Trade Centre.

There were no bidders for the 101,400 tonnes of soy offered in Inner Mongolia while the bidding for 300,069 tonnes of soy stored in Heilongjiang province was still ongoing.

Meanwhile, the centre added that the highest transaction price for soy in Jilin reached RMB3,800 (US$555.9) per tonne.