Source: Jintou.com
According to the trade agency’s monitoring, the domestic market price of wheat was slightly supported at a high level this week. The average price at the beginning of the week was 2590.00 yuan / ton, and the average price over the weekend was 2588.00 yuan / ton, a slight drop of 0.08%.
Affected by the recent epidemic and rains in some areas, the volume of trade in the domestic grain market has decreased and the arrival of grain from downstream businesses has decreased. In order to stimulate the arrival of grain, some areas have slightly increased. the purchase price of wheat this week, resulting in the overall high and stable domestic market price of wheat. Moderate to strong operation.
market prospects
The business community grain analyst believes that: the market’s tradable grain sources are declining, and the main part of the grain storage trade is bullish on the market outlook and the domestic market price of grain will continue to rise strongly in the short term.
(Article Source: Business Club)
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