SunSirs: China Wheat Prices were slightly Stronger Last Week (July 31- August 4)
August 08 2023 15:10:15     SunSirs (Selena)According to the Commodity Market Analysis System of SunSirs, last week the domestic wheat market prices were slightly higher and stronger. The average price at the beginning of the week was 2,804.00 RMB/ton, while the average price at the weekend was 2,810.00 RMB/ton, a slight increase of 0.21%.
In August, typhoons caused frequent high temperature and rainy weather in China, coupled with a strong mentality of grain storage and trade entities to be reluctant to sell and support prices. The supply of wheat in the market continued to be tight, and downstream flour processing enterprises continued to raise prices to replenish their inventory, driving the overall price of domestic wheat market to slightly strengthen.
SunSirs wheat analysts believe that under the support of phased supply constraints, the domestic wheat market prices will continue to operate steadily in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-05-07 SunSirs: China Domestic Wheat Prices Fluctuated and Declined in April
- 2024-04-24 SunSirs: China Wheat Prices Fluctuated Downward Last Week (April 15-19)
- 2024-04-07 SunSirs: China Wheat Market Fluctuated, with an Overall Decline of over 5% in the First Quarter of 2024
- 2024-04-03 SunSirs: China Domestic Wheat Prices Fluctuated and Declined in March
- 2024-03-26 SunSirs: China Wheat Prices Remained Weak Last Week (March 18-22)