Sweet auction
Source: Xinhua |
July 1, 2010, Thursday
|
Print Edition
Print Edition
CHINA'S top economic planner and the ministries of commerce and finance said on Tuesday the government would sell 100,000 tons of sugar from state reserves on July 6.
The sugar was to be sold via public auction with the base price set at 4,000 yuan (US$588.3) per ton, said a statement posted on the website of the National Development and Reform Commission.
This would be the sixth auction of state sugar reserves since December 2009. To stabilize prices, the government sold 1.22 million tons of reserve sugar between December 2009 and April 2010.
The sugar was to be sold via public auction with the base price set at 4,000 yuan (US$588.3) per ton, said a statement posted on the website of the National Development and Reform Commission.
This would be the sixth auction of state sugar reserves since December 2009. To stabilize prices, the government sold 1.22 million tons of reserve sugar between December 2009 and April 2010.
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