SunSirs: China Wheat Price is Stronger Last Week
November 29 2022 14:15:27 SunSirs (Selena)
According to the monitoring of SunSirs, the domestic wheat market price was high and strong last week. The average price at the beginning of the week was 3,150.00 RMB/ ton, and the average price at the weekend was 3,156.00 RMB/ ton, up 0.19% within the week.
In late November, the reappearance of the epidemic situation in many places restricted the wheat market transportation to a certain extent, and the domestic wheat market circulation declined. In addition, the terminal flour demand rebounded slightly after the weather turned cold. In order to stimulate the arrival flour enterprises to raise the purchase price slightly, and the market mentality of the main body of grain storage trade remained unchanged after the bullish, the domestic wheat market price continued to operate at a high level and on a strong side as a whole.
SunSirs wheat analysts believe that the domestic wheat market price will continue to run strongly in China under the support of the tight periodic supply in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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