Laws of the People's Republic of China

Notification No. 69 2006 of the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Finance

No. 69 [2006]

With a view to stabilizing market, ensuring supply, the National Development and Reform Commission, the Ministry of Commerce and the Ministry of Finance have decided to put on the market part of the national reserve of sugar. Matters concerned are notified as follows:

1.

As regards the quantity, type and time. The quantity of putting on is 80 000 tons, the type is raw sugar, and the time to put the national reserve of sugar on the market is October 13.

2.

As regards the floor price of competitive bidding. The floor price of competitive bidding for the national reserve of sugar is 3400 Yuan per ton (ex-warehouse)

3.

As regards the manner for putting on .Competitive Bidding shall be publicly conducted by electronic network system of China Merchandise Reserve Management Center. The unit of the competitive bidding object is 5000 tons.

Other specific matters concerning the competitive bidding shall be separately notified hereafter by the Ministry of Commerce.

The National Development and Reform Commission

The Ministry of Commerce

The Ministry of Finance

October 10 ,2006