HOME    NEWS    SPECIAL REPORT    PHOTO    COMMENTARY    VOICE
NEWS > Business
China to put 80,000 tons state sugar reserves on auction
2006-10-11 03:58:06 Xinhua English

BEIJING, Oct. 11 (Xinhua) -- China will auction off 80,000 tons of state sugar reserves on Oct. 13, the Ministry of Commerce announced on Wednesday.

The National Development and Reform Commission, the Ministry of Finance and the Ministry of Commerce jointly issued a circular announcing the release of 80,000 tons of raw sugar onto the market at a reserve price of 3,400 yuan (425 U.S. dollars) per ton.

China Merchandise Reserve Management Centre will conduct the auction through its network system, the circular said.

The purchased raw sugar has to be processed into finished products in accordance with the national criteria by November 15, said the circular.

On Sept. 12, China sold 147,000 tons of sugar to the domestic market and a further 139,000 tons on Sept. 19, according to the ministry. Enditem

MORE NEWS
Research: China's GDP expected to grow 10.5% in 2006  
China Yangtze to increase Guangzhou stake  
Wait almost over for banking regulation  
VW and Ford report strong sales in China  
China, ASEAN speed up tariff reduction process  
China air conditioner firms face anti-dumping probe  
Japanese investors pin hope on trade growth after Abe's China visit  
Train speed to be raised from 160km/h to 200 km/h next April  

SINA English is the English-language destination for news and information about China. Find general information on life, culture and travel in China through our news and special reportsúČor find business partners through our online Business Directory. For investment opportunities with SINA, please click the link "Investor" below.
| About SINA | Investor | Media Kit | Comments or Question? |
Copyright © 1996-2006 SINA Corporation, All Rights Reserved