SunSirs: China's Wheat Prices Fell Weakly Last Week (June.1-5)
June 09 2020 08:04:26 SunSirs (Linda)
1. China wheat price chart
According to SunSirs monitoring, domestic wheat market prices continued to decline lastweek. The average price at the beginning of the week was 2,382.00 yuan/ton, and the average price at the weekend was 2,322.00 yuan/ton, down 2.52%.
2. Market analysis
In June, the domestic new quarter's listing volume gradually increased, the domestic wheat market's supply gradually increased, the trade subject's wait-and-see attitude was strong, the State Reserve's wheat auction transactions continued to decline, the domestic wheat market seamlessly connected, the market supply pressure continued to increase, downstream flour manufacturers Continued to reduce the wheat purchase price, driving domestic wheat prices under pressure to continue to fall.
3. Future market forecast
SunSirs wheat analysts believe new wheat listings continue to increase, the State Reserve's old wheat continues to be out of storage, domestic wheat market supply pressure continues to increase, and domestic wheat prices will continue to be under pressure in the near future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2026-09-14 SunSirs: China Agricultural Products Supply and Demand Situation Report (August 2026)
- 2026-09-08 SunSirs: China Grain Enterprises Surpass 4 Trillion RMB in Annual Gross Industrial Output Value
- 2026-09-03 SunSirs: Global Grain Prices Surge: Will External Volatility Spill Over into the Domestic Market?
- 2026-09-02 SunSirs: Rise in Grain Shipping Costs from South America to China
- 2026-09-01 SunSirs: Global Agricultural Prices Rise; China’s Crop Sector Shows Positive Momentum
