Newsletter summary
Several flour mills raise the purchase price of old wheat and new wheat.BingomachineonlineThe continuous high temperature affects the winter wheat area in the central and southern part of North China. The price of red wheat in Hubei and Anhui is lower than that of last year, and now the price is rising. The purchasing price of new wheat stored in Shandong and Jiangsu fluctuated.
Text of news flash
[wheat prices continue to rise, market developments attract attention] flour manufacturers have adjusted the purchase price of Chen Mai, reflectingBingomachineonlineThe urgent demand for wheat in the market. For example, Jinshahe in Hebei Province raised the price to 1.Bingomachineonline.265 yuan / jin, Xiongan good luck price adjusted to 1.Bingomachineonline.28 yuan per jin. Tianbang grain and oil also joined the ranks of price increases, the purchase price of Pumai reached 1.27 yuan. With the listing of Xinmai one after another, the purchase price is becoming clear. The purchase prices of grain spots and dryers in Hubei and southern Anhui are significantly higher than those at the beginning of the scale. New wheat in some mountainous areas of Nanyang and Zhumadian in Henan Province began to appear on the market, with prices rising, and the purchase prices of new wheat in Suiping and Zhoukou areas were also raised. The local government reserves of Jiangsu and Shandong are gradually increasing the purchase of wheat in 2024. The effect of high temperature on the yield and quality of wheat can not be ignored. From the 18th to 19th, winter wheat areas in central and southern North China, Huang-Huai and Guanzhong, Shaanxi will experience moderate to severe dry and hot winds, which may adversely affect the wheat harvest, according to the Central Meteorological Observatory. Flour mills are also paying higher prices for New Wheat in 2024. Zhoukou Wudeli's purchase price for Xinmai rose 1.30 cents to 1.245 yuan per jin on May 17. Suiping and Xinghua Wudeli also raised the purchase price of Xinmai to 1.238 yuan / jin and 1.255 yuan / jin respectively. The overall quality of wheat in Hubei is higher than expected, but the yield in the central and southern regions is still reduced to varying degrees. The price of the mainstream scale in Hubei is currently between 1.15 and 1.18 yuan per jin, which is lower than last year. Zhongxiang and Xiantao area loading prices are 1.17 yuan / jin and 1.18 yuan / jin respectively, and the price is still rising. In addition, the price of wheat in southwestern Anhui is higher than when the scale is opened, the price of land gross grain is between 1.14 and 1.15 yuan, and the quality reaches the third class or above of the national standard. The purchase price of the drying plant quickly increased from 1.1 yuan at the beginning of the scale to 1.17 yuan, and some larger traders even received 1.2 yuan. The purchase price of new wheat in 2024 for Shandong geological reserves also fell. For example, in the bidding purchase of Shandong Weifang Leigushan National Grain Reserve Co., Ltd. on May 17, the rock bottom price of 3100 tons of non-rain non-dried wheat was set at 1.26 yuan per jin, but all of them failed to auction. In the purchase of Zhucheng Grain and Oil Storage and Transportation Co., Ltd. on the same day, the transaction price of 3000 tons of non-rain wheat was 1.2675 yuan / jin. The purchase price of new wheat in Jiangsu Province in 2024 also showed a downward trend. In the purchase of Nantong Grain Group Haian Grain Reserve Management Co., Ltd., the average transaction price of new wheat in 2024 fell 37 yuan / ton compared with last week, with the lowest transaction price of 2535 yuan / ton.
