MySheen

The number of farmers or centralized grain sales and purchases is expected to increase.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, As the situation of this year's bumper wheat harvest has been determined and the supply is adequate, although some major producing provinces have issued relevant subsidy policies to promote the purchase of wheat, for example, Henan Province has recently arranged 15 million yuan for quota subsidies to cities and counties with imperfect grains exceeding the standard. farmers are still in the hands of farmers and the source of food in circulation in the market.

As the situation of this year's bumper wheat harvest has been determined, and the supply is adequate, although some major producing provinces have issued relevant subsidy policies to promote the purchase of wheat, for example, Henan Province has recently arranged 15 million yuan for quota subsidies to cities and counties with imperfect grains exceeding the standard, and the supply of grain in circulation in the hands of farmers and in the market is still sufficient.

The progress of acquisition slows down and the supply is loose in the later period.

The progress of the acquisition of New Mai is significantly slower than that of the same period last year. According to statistics from the State Grain Administration, as of August 15, nine major producing areas, including Henan and Jiangsu, had purchased 55.29 million tons of new wheat, a decrease of 11.21 million tons over the same period last year. On the other hand, the number of new acquisitions gradually declined on the 5th, indicating that the progress of acquisitions is gradually slowing down. 1.57 million tons were purchased from August 10 to 15, compared with 2.348 million tons from August 5 to 10 and 2.495 million tons from August 1 to 5.

The price of wheat is stable and the price of flour is stable.

Monitoring shows that wheat prices have fallen steadily this week, and wheat prices are expected to lack momentum to rise in the short term and continue to run weakly.

The price of Chen wheat in various places is basically stable. On August 19th, the purchase price of wheat for flour mills in Shijiazhuang, Hebei, Jinan, Shandong, Xuzhou, Jiangsu, Suzhou and Zhengzhou was 2500 yuan / ton, 2480 yuan / ton, 2460 yuan / ton, 2420 yuan / ton and 2510 yuan / ton, respectively, which were the same as last week.

The price of new wheat fell slightly in some areas. The entry price of third-class new wheat in Zhengzhou, Henan Province was 2260 yuan / ton, down 20 yuan / ton from last week; 2380 yuan / ton in Jinan area of Shandong Province, down 20 yuan / ton; and 2380 yuan / ton in Shijiazhuang area of Hebei Province, down 20 yuan / ton.

The overall flour market is stable this week, because the flour is still in the off-season of production and consumption, the market demand is sluggish, the purchasing enthusiasm of processing enterprises is not high, most of them are purchasing on demand, and the flour factory is not quick to ship goods, which restrains the flour market. On August 19th, the ex-factory price of special flour in Shijiazhuang, Hebei, Jinan, Shandong, Zhengzhou, Henan, Xuzhou, Jiangsu and Suzhou was 3080 yuan / ton, 3100 yuan / ton, 3140 yuan / ton, 3140 yuan / ton and 3040 yuan / ton respectively.

It is expected that the price of wheat bran will still be weak.

Monitoring data show that wheat bran prices are still weak this week, falling in some areas. On August 19th, the ex-factory price of wheat bran in Shijiazhuang area of Hebei Province was 1060 yuan / ton, down 100 yuan / ton from last week; 1120 yuan / ton in Jinan area of Shandong Province, down 20 yuan / ton; 1140 yuan / ton in Zhengzhou area of Henan Province and 1200 yuan / ton of Xuzhou area of Jiangsu Province; and 1160 yuan / ton of Suzhou area of Anhui Province, down 180 yuan / ton.

With the cooler weather, the opening of schools and the approach of the Mid-Autumn Festival, the increase in the demand for flour will increase the supply of wheat bran, while the demand for wheat bran in downstream farming enterprises is general, and it is difficult to store wheat bran due to temperature, and the purchasing enthusiasm is not high. the current situation that the supply of wheat bran exceeds the demand may last for a period of time. The trend of wheat bran price depends on the relationship between supply and demand, so it is expected that the rise in wheat bran price is weak in the short term and will remain stable and weak.

The turnover of wheat in Henan province has slightly increased in Anhui.

Monitoring data show that a total of 1.1508 million tons of wheat were sold in Anhui and Henan markets on Aug. 18, with a turnover of 6600 tons, 1500 tons less than last week, and the turnover rate was 0.57 percent, down 0.13 percent from last week.

At present, it is in the off-season of flour production, the consumption rate of wheat in stock is slow, and traders and farmers are more active in shipping, which suppresses wheat prices and has a strong wait-and-see atmosphere in the overall market. It is expected that the transaction of policy wheat will remain at a low level in the later stage.

The lowest purchase price of wheat sold in Henan market failed to sell for the first time since the wheat auction, while the trading volume and rate of national temporary storage wheat sold in Anhui market were higher than last week, rebounding for the third week in a row.

 
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