SunSirs: Wheat prices rebounded sharply
April 25 2022 08:40:53According to the monitoring of SunSirs, the domestic wheat market price rebounded sharply again this week. The average price at the beginning of the week was 3096.00 RMB/ton, and the average price at the weekend was 3254.00 RMB/ton, up 5.10% during the week.
In the middle and late April, affected by the imminent suspension of the auction of temporary storage wheat, the transaction of policy wheat was hot again. Downstream enterprises raised prices to replenish the warehouse and grab grain. The main body of grain storage trade was reluctant to sell at a high price, and the price of domestic wheat market rebounded sharply again this week.
Future forecast
According to the wheat analysts of SunSirs, the overall domestic wheat inventory is high, the epidemic factors restrict the overall grain transportation, the demand for terminal flour is still low, the rotation wheat continues to leave the warehouse to ensure the supply and stable price, and the listing of new wheat still takes time. There is a long and short game. In the short term, the domestic wheat market price continues to rise, the power is insufficient, and the whole will continue to move forward at a high level and fluctuate slightly.
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