SunSirs: China Wheat Prices Ran strongly Last Week
November 08 2022 13:35:37 SunSirs (Selena)
According to the monitoring of SunSirs, the domestic wheat market price last week was slightly higher and stronger. The average price at the beginning of the week was 2,590.00 RMB/ ton, and the average price at the weekend was 2,588.00 RMB/ ton, down 0.08%.
Recently, affected by the epidemic situation and rainfall in some regions, the trade volume of the domestic wheat market has declined, and the arrival of wheat by downstream enterprises has decreased. To stimulate the arrival of wheat, the purchase price of wheat has been slightly raised in some regions this week, driving the overall high price of the domestic wheat market to operate stably, moderately and strongly.
SunSirs wheat analysts believe that: the market's tradable grain sources have declined, and the market mentality of grain depositors remains unchanged after the bullish market. In the short term, China domestic wheat market price will continue to run strongly.
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