MySheen

Industry point of view: domestic wheat market will return to "policy market"

Published: 2024-11-22 Author: mysheen
Last Updated: 2024/11/22, At present, it is only less than a month before the end of the wheat market purchase policy in the main producing areas. under the situation that the purchase price of the new wheat market is lower than the market support price, the number of wheat purchase will increase steadily, and the number of low-price circulating food sources will be further reduced. In the later stage, with the small

At present, it is only less than a month before the end of the wheat market purchase policy in the main producing areas. under the situation that the purchase price of the new wheat market is lower than the market support price, the number of wheat purchase will increase steadily, and the number of low-price circulating food sources will be further reduced. In the later stage, with the end of the implementation period of wheat purchase, the supply and demand pattern of grain supply in the market circulation will become the key to affect the trend of wheat price. As it is difficult for countries with large stocks to effectively supply wheat to the market because of high prices, in the future, with the difficulty of large-scale procurement of grain sources in the circulation market, the domestic wheat market will return to the "policy city" because the market price is lower than the policy price. this may promote the wheat price to move closer to the policy price step by step.

 
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