News summary
Many flour mills increase the purchase price of old wheat and new wheatplaypopslots, continued high temperatures affect the winter wheat areas in central and southern North China. The price of red wheat in Hubei and Anhui is lower than last year, and the price is currently rising. The purchase prices of new wheat in Shandong and Jiangsu have fluctuated.
Newsletter text
[Wheat prices continue to rise, and market dynamics attract attention] Flour manufacturers have adjusted the purchase price of wheat one after another, reflecting the urgent market demand for wheat. For example, Hebei Jinsha River increased the price to 1playpopslots.265 yuan/catty, and the price of Xionghao noodles was adjusted to 1.28 yuan/catty. Tianbang Grain and Oil also joined the ranks of price increases, and the purchase price of Pumai reached 1.27 yuan. With the successive listings of Xinmai, the purchase price gradually became clear. The purchase prices of grain points and drying plants in Hubei and southern Anhui have increased significantly compared with the initial stage of the scale. New wheat in some mountainous areas of Nanyang and Zhumadian in Henan Province has begun to be listed, and prices have increased. Wudeli's purchase price of new wheat in Suiping and Zhoukou areas has also increased. Local government reserves in Jiangsu and Shandong are gradually increasing for 2024 wheat purchases. The impact of high temperature weather on wheat yield and quality cannot be ignored. According to the forecast of the Central Meteorological Observatory, from the 18th to the 19th, winter wheat areas in central and southern North China, Huanghuai and Guanzhong, Shaanxi will experience moderate to severe dry and hot wind weather, which may adversely affect wheat harvests. The purchase price of flour mills for 2024 new wheat is also rising. On May 17, Zhoukou Wudeli's purchase price for Xinmai increased by 1.3 points to 1.245 yuan/catty. Suiping and Xinghua Wudeli also raised the purchase price of new wheat to 1.238 yuan/catty and 1.255 yuan/catty respectively. The overall quality of wheat in Hubei exceeded expectations, but the central and southern regions still experienced varying degrees of production reduction. The mainstream scale price in Hubei is currently between 1.15 and 1.18 yuan/catty, a decrease from last year. The loading prices in Zhongxiang and Xiantao areas are about 1.17 yuan/catty and 1.18 yuan/catty respectively, and the prices are still rising. In addition, the price of wheat in southwestern Anhui has increased compared with when the scale was opened. The price of raw grain in the field is between 1.14 and 1.15 yuan, and the quality has reached the third class of the national standard or above. The purchase price of the drying factory was 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. Shandong Land Reserve's new wheat purchase price in 2024 also fell. For example, in the bidding purchase of Leigushan National Grain Reserve Co., Ltd. in Weifang, Shandong Province on May 17, the base price of 3100 tons of non-rain and non-dried wheat was set at 1.26 yuan/catty, but all of them were rejected. In the same day's purchase by Zhucheng City Grain and Oil Storage and Transportation Co., Ltd., the transaction price of 3000 tons of wheat without rain was 1.2675 yuan/catty. The purchase price of new wheat in Jiangsu Province in 2024 also showed a downward trend. During the purchase of Nantong Grain Group Hai 'an Grain Reserve Management Co., Ltd. on May 17, the average transaction price of new wheat produced in 2024 fell by 37 yuan/ton compared with last week, and the lowest transaction price was 2535 yuan/ton.
