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SunSirs: Chinese Wheat Prices Fluctuated Forward Last Week (4.12-4.16)

April 19 2021 09:56:25     SunSirs (Linda)

1. China's domestic wheat price trend

Last week, China's wheat market prices fluctuated slightly. The average price at the beginning of the week was 2538.00 yuan/ton and the average price at the weekend was 2536.00 yuan/ton, a slight decrease of 0.08%.

2. Market analysis

Entering April, the policy has once again increased the control of domestic wheat. On April 7, the policy-based wheat trading rules were tightened for the second time in the year. Among them, the two biggest impacts on the market are that only flour processing companies and feed farming companies are allowed to participate in the transaction. At the same time reduce and stop the amount of wheat in 2018 and 2019, the overall volume and price of policy wheat auctions have risen and fallen, coupled with the relatively low domestic demand for flour in April, the willingness of flour processing enterprises to purchase is weak, and the domestic wheat market price will be weaker and slightly weaker.

3. Market outlook forecast

SunSirs wheat analysts believe that the policy control will increase, and the domestic wheat market price will continue to follow the small fluctuations in the policy wheat outgoing price in the short term.

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