# China: Offloading Old Stock Rice Through Annual Auction | USDA Foreign Agricultural Service

> China will restart auctions of old-crop rice for feed use from March 2023 to rotate aged stocks and temper feed grain prices. The rumored volume is about 18 million tonnes, less than half of 2021 and 2022 offerings.

- Date: 2023-02-03 · published 2023-02-03T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/37407-china-offloading-old-stock-rice-through-annual-auction-usda-foreign
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller Chinese rice auction volumes than prior years reduce a feed-grain substitute, which is mildly supportive for corn and other feed grain prices and for rice.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-12-12 | [India tightens control of agricultural commodities ahead of election – Chin@Strategy](https://feedsoft.ai/events/32645-india-tightens-control-of-agricultural-commodities-ahead-of-election-chin.md) | +1.7% | +0.2% |
| RICE | 2024-02-02 | [Centre keeping all options open to curb rice prices: Food secretary \| Agriculture - Business Standard](https://feedsoft.ai/events/31609-centre-keeping-all-options-open-to-curb-rice-prices-food-secretary-agriculture.md) | +3.0% | +0.6% |
| RICE | 2023-09-28 | [Export ban on rice is regulation rather than restriction for food security: India to WTO's agriculture committee meet - The Hindu](https://feedsoft.ai/events/34051-export-ban-on-rice-is-regulation-rather-than-restriction-for-food-security.md) | -3.3% | -0.3% |
| RICE | 2026-01-22 | [DA aligns with millers, importers to support local farmers, stabilize rice supply \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/12592-da-aligns-with-millers-importers-to-support-local-farmers-stabilize-rice-supply.md) | +2.0% | -5.8% |
| RICE | 2023-01-03 | [Nepal has a chance to become self-reliant on fine rice production](https://feedsoft.ai/events/12187-nepal-has-a-chance-to-become-self-reliant-on-fine-rice-production.md) | -2.3% | -1.2% |
| CORN | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | -1.6% | -7.0% |
| CORN | 2021-06-02 | [Agricultural feedstock costs drive RIN prices to all-time highs -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/46439-agricultural-feedstock-costs-drive-rin-prices-to-all-time-highs-u-s-energy.md) | +2.2% | +1.2% |
| CORN | 2025-04-29 | [Agricultural potential of the Black Sea region: New opportunities and challenges of the 2025/26](https://feedsoft.ai/events/14213-agricultural-potential-of-the-black-sea-region-new-opportunities-and-challenges.md) | -3.7% | -1.3% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/china-offloading-old-stock-rice-through-annual-auction

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.