SunSirs: China Wheat Prices were Weak and Stable Last Week (August 22-26)
August 29 2022 09:47:10 SunSirs (Selena)
According to the monitoring of SunSirs, the overall price of domestic wheat market was weak and stable last week. The average price of wheat at the beginning of the week was 3,002.00 RMB/ ton, and the average price at the weekend was 2,996.00 RMB/ ton, a slight decrease of 0.20%.
In late August, the domestic wheat market supply and demand game entered a stalemate. The market was relatively stable as a whole, the purchase price of downstream enterprises was stable as a whole, and the domestic wheat market price was weak and stable as a whole.
As of August 15, various grain enterprises in the main production areas had purchased 47.84 million tons of wheat, a year-on-year increase of 570,000 tons.
SunSirs wheat analysts believe that the market supply and demand game is still fierce. In the short term, China domestic wheat market price is in a dilemma, and will continue to move forward at the current level with a small fluctuation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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