May 16, 2017 / 1:41 PM / 3 months ago

BRIEF-China sells 423,087 tonnes of wheat at auction of state reserves - trade center

May 16 (Reuters) - National Grain Trade Center

* China sells 423,087 tonnes of wheat at auction of state reserves on Tuesday, at an average price of 2,522 yuan ($366.36) per tonne

* Sale represents 14.24 percent of 2,970,555 tonnes of wheat available at the auction

$1 = 6.8840 Chinese yuan renminbi Reporting by Hong Kong newsroom

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