SunSirs: Wheat Prices were slightly Weak in China Last Week
December 13 2022 14:40:30 SunSirs (Selena)
According to the monitoring of SunSirs, the domestic wheat market price was high last week and slightly weak. The average price at the beginning of the week was 3,166.00 RMB/ton, and the average price at the weekend was 3,156.00 RMB/ton, down 0.32%.
In December, the tight situation of domestic wheat transportation capacity eased, the tradable grain sources in the wheat market increased slightly, and the demand for terminal flour remained low. After the wheat inventory of flour enterprises was supplemented to some extent, the purchase price of wheat was lowered slightly, driving the price of domestic wheat market to run slightly weak.
The wheat analysts of SunSirs believe that: after the recovery of transportation capacity, the wheat market supply has rebounded slightly, the downstream flour demand continues to be weak, and the domestic wheat market price will be stable and weak in the short term as a whole. At the same time, the main players of the grain trade are still optimistic about the future double consumption, and the wheat market price has limited room for continuous decline.
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