1. Domestic wheat price trends
Last week, domestic wheat market prices fell across the board. The average price at the beginning of the week was RMB 2576.00/ton, and the average price at the weekend was RMB 2500.00/ton, a drop of 2.95% during the week.
2. Market analysis
Entering June, as the new season wheat in the production area is successively listed, the wheat market supply has increased, the bullish enthusiasm of trading entities has gradually faded, manufacturers have lowered the wheat purchase prices, and the domestic wheat market prices have dropped overall.
On the whole, the current supply of high-quality and circulating grains in the domestic wheat market is still tight. With the support of the downstream demand, the high-quality and high-price situation in the domestic wheat market will continue. In addition, the price increase of grain depots in some regions will affect the domestic wheat market price. Bottom support.
3. market outlook forecast
Affected by the previous weather factors, the price of quality deviation wheat continued to be weak, and the domestic wheat market price was under pressure as a whole. On the whole, the domestic demand for high-quality wheat remains unabated, and the overall price of domestic wheat in the market is obvious.
