September 29, 2003

China's Henan To Auction 1 Million Tons Wheat In Mid-October

China's central Henan province will offer 1 million metric tons of old wheat from state reserves for an auction sale come mid-October, an official from the China Zhengzhou Grain Wholesale Market in Henan said Monday.

The auction will be held from Oct. 15-16, 2003 and the amount will be 1 million tons. The wheat being offered was produced before 1998, added the official. Traders said it will be the largest wheat auction held in China so far this calendar year.