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SunSirs: Agri, Wheat Price is Firm This Week (January 13-17)

January 20 2020 10:17:37     SunSirs (Daisy)

The overall national wheat market price this week was slightly stronger. The average price at the beginning of the week was 2,390.00 RMB / ton, and the average price at the weekend was 2,400.00 RMB / ton, up slightly by 0.42%.

Entering mid-January, supported by the low level of high-quality surplus grain in the market, the wheat market prices in some areas increased slightly, driving the domestic wheat market prices to continue to run strongly.

With the coming of the Chinese New Year, the domestic wheat market's purchase and sale is gradually coming to an end. Manufacturers will gradually enter the shutdown. The domestic wheat market's purchase and sale will basically stop, and wheat prices will generally move forward.

Policies: The minimum purchase price the national temporary storage and inter-province wheat transfer trade fair on January 15th plans to list and trade 3104007 tons of state reserve wheat, 57010 tons of transactions, 1.83% of transactions, the highest price is 2,370 RMB / ton, the lowest price is 2,290 RMB / Ton, the average price is 2,334 RMB / ton.

SunSirs analyst wheat analysts believe that the pre-holiday trade basically came to an end, and the domestic wheat market price will generally keep moving forward in the short term.

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