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SunSirs: Wheat Price Increased Slightly This Week (April.6-10)

April 14 2020 16:25:10     SunSirs (Daisy)

The domestic wheat market prices rose slightly this week. The average price at the beginning of the week was 2404.00 yuan/ton, and the average price at the weekend was 2422.00 yuan/ton, up by 0.75%.

Entering into April, epidemic factors and terminal demand began to recover. Flour negotiable at the grass-roots level high quality stocks bottomed, and manufacturer of high-quality wheat stocks was on the low side. The policy is subject to wheat applied in the production of flour processing quality while deviation factor is difficult to all raised stock trading main body's price under many other positive factors. The domestic wheat market prices continue to rise again.

Market Forecast: SunSirs wheat analysts believe that flour in the short-term demand, and the domestic wheat market price upward again. Taken together, the policy of wheat is still in the outbound in succession, and the domestic wheat market overall is relatively loose. In the future, as manufacturers inventory price it will again be added later, market outlook is expected to wheat market prices continue to rise space is limited.

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