皇冠体育app

Economy

皇冠体育app to auction 250,000 tons of sugar reserves

(Xinhua)
Updated: 2011-05-28 13:38
Large Medium Small

BEIJING - 皇冠体育app will auction 250,000 tons of sugar from state reserves on May 31, with the starting price set at 4,000 yuan ($615) per ton, the country's Ministry of Commerce announced Friday.

Related readings:
皇冠体育app to auction 250,000 tons of sugar reserves 皇冠体育app to sell sugar reserves to make up possible short supply
皇冠体育app to auction 250,000 tons of sugar reserves 皇冠体育app to auction State sugar reserves to curb price rises
皇冠体育app to auction 250,000 tons of sugar reserves Sugar stockpiles released to stem price hikes

It will be the government's fifth auction of reserve sugar produced during the 2010-2011 crushing season, aiming to ensure market supply and stabilize prices.

In the previous four auctions, 皇冠体育app sold 760,000 tons of reserve sugar.