According to the country’s grain stockpiler Sinograin Oils Corp., China will auction 23,488 tonnes of corn imported from Ukraine on next July 23.
The imported grain, stored at warehouses in Shandong and Guangdong provinces, was produced in 2020.
China started selling imported corn from state reserves in June, to replenish tightening supplies and cool prices.
Sales during the auctions have fallen, however, amid weak appetite for this corn ahead of a bumper domestic harvest.
Sourced by Reuters

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