China’s Heilongjiang to Sell 246,000 Tons Soybeans, Center Says

China’s Heilongjiang province will auction 246,000 metric tons of soybeans from provincial reserves tomorrow, the Harbin National Grain Trade Center said.

The soybeans were harvested in 2008, the auction center said on its website yesterday. Only crushers located in the province with daily crushing capacity of more than 500 tons can participate and the purchases may not be resold, the center said without elaborating.

The soybeans will be offered at a minimum bidding price of 3,633 yuan ($545) a ton, said on its website today, without saying where it got the information.

Separately, China’s central grain manager will auction 300,000 tons of soybeans tomorrow, the National Grain & Oil Trade Center said last week.

--William Bi. Editors: Richard Dobson, Ravil Shirodkar.

To contact Bloomberg News staff for this story: William Bi in Beijing at +86-10-6649-7578 or

To contact the editor responsible for this story: Jim Poole at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.