The weak consumption of new wheat on the market may decrease the number of imports in May.

Due to the weak consumption of wheat, the promising prospect of new wheat production and the continuous listing of new wheat, it is expected that the amount of wheat imported into China may decrease in May. Wheat imports are expected to be 1.2 million tons in 2014 and 2015.

Wheat has been harvested and purchased in parts of Hunan, Jiangsu, Anhui and Henan this week. As of May 28, because the market purchase price is lower than the national minimum purchase price of 1.18 yuan per jin, Jiangsu, Hubei and Anhui provinces have respectively launched plans to implement the minimum purchase price for wheat. Up to now, as the wheat in Henan, Hebei and Shandong in the main wheat producing areas has not reached the harvest time, the implementation plan of the lowest wheat purchase price has not been started yet.

The price of strong gluten wheat on the market in the new season is good.

Monitoring shows that the price of common new wheat on the market is relatively low. The price of new wheat from Hubei is 1.22 yuan / jin for large flour enterprises in Handan, Hebei Province, 1.23 yuan / jin for large flour enterprises in Hengshui, Hebei Province, 1.22 yuan / jin for large flour enterprises in Heze, Shandong Province, 1.18 yuan / jin for large flour enterprises in Suqian, Jiangsu Province, and 1.21 yuan / jin to Xiong County, Baoding, Hebei Province. The purchase price of Xiangyang, Suizhou and Yicheng is 1.13 yuan / jin, 1.1yuan / jin and 1.14 yuan / jin respectively. The purchase price of new wheat in some areas of Jiangsu is 1.16-1.17 yuan per jin.

Monitoring shows that the price of ordinary wheat across the country is unlikely to rise in the later stage, the main reasons are: first, due to the sufficient Rain Water in the early stage, the moisture content of the new common wheat on the market is higher, generally more than 15%; second, the lowest purchase price on the market wheat and rotation wheat inventory is larger; third, with the arrival of the harvest period, there are a large number of wheat on the market, processing enterprises are willing to vacate inventory to buy wheat. Fourth, the current consumption of wheat products such as flour and wheat bran is weak, and the purchasing willingness of wheat processing enterprises is not strong.

The price of new strong gluten wheat may be high. The main reasons are: first, the data of the General Administration of Customs show that the amount of wheat imported into China from January to April is 1.6195 million tons less than that of last year; second, the survey found that the yield of strong gluten wheat is low and is easily affected by the environment. In addition, the selling price of strong gluten wheat is not much different from that of ordinary wheat, the enthusiasm of farmers to plant strong gluten wheat is not high, and the planting area of domestic strong gluten wheat shrinks gradually, which will inevitably lead to a decline in output. Third, with the improvement of living standards, people's demand for high-quality wheat is increasing; fourth, strong gluten wheat was snapped up last year, and the price continued to rise from 1.3 yuan / jin at the beginning, and traders made huge profits. It is understood that traders are still optimistic about strong gluten wheat this year and have a strong willingness to buy.

The price of wheat flour stabilized and the price of wheat bran fell.

This week, the old wheat market is in ample supply, a small amount of new wheat is on the market, while the demand of flour processing enterprises is weak, wheat feed demand is insufficient, and wheat prices continue to be stable. On May 27th, the purchase price of wheat was 2580 yuan / ton in Shijiazhuang, Hebei, 2550 yuan / ton in Jinan, Shandong, 2540 yuan / ton in Xuzhou, Jiangsu, 2520 yuan / ton in Suzhou, Anhui, and 2580 yuan / ton in Zhengzhou, Henan. The 2014 arrival price of common wheat in Jiangsu port in Guangzhou, Guangdong, and 2590-2620 yuan / ton in Fuzhou port in Fujian were the same as last week.

The consumer demand for flour is in the doldrums, the purchasing enthusiasm of dealers is not high, and the sales situation of flour-making enterprises is general; the opening rate of flour processing enterprises is average, the operating rate of large flour mills is 90%, 100%, and that of small flour enterprises is only 30%, 40%. The flour supply is sufficient, and the ex-factory price is stable. On May 27th, the ex-factory price of Shijiazhuang Special Noodle in Hebei Province was 3140 yuan / ton, Jinan in Shandong Province was 3140 yuan / ton, Zhengzhou in Henan Province was 3120 yuan / ton, Xuzhou in Jiangsu Province was 3080 yuan / ton, and Suzhou in Anhui Province was about 3080 yuan / ton, all the same as last week.

As flour processing plants continue to open to ensure an adequate supply of wheat bran, while demand in the pig farming industry is low, dealers and feed mills are less willing to purchase, wheat bran prices continue to decline in some areas. On May 27th, the ex-factory price of wheat bran in Shijiazhuang, Hebei Province was 1160 yuan / ton, down 70 yuan / ton compared with the same period last week; Jinan, Shandong Province, 1140 yuan / ton, down 90 yuan / ton; Zhengzhou, Henan Province, 1160 yuan / ton, down 70 yuan / ton; Suzhou, Anhui, 1260 yuan / ton, down 80 yuan / ton; Xuzhou, Jiangsu, 1320 yuan / ton, down 30 yuan / ton.

As the price of wheat bran continues to fall, the losses of local flour-making enterprises have intensified, and theoretical processing profits have declined. On May 27, the processing profit was-106 yuan / ton in Shijiazhuang, Hebei Province,-87 yuan / ton in Jinan, Shandong Province and-106 yuan / ton in Zhengzhou, Henan Province. The prices of wheat and corn in various places remained stable, and the price ratio of wheat and corn was stable as a whole.

The specific price of wheat and corn in Jinan, Shandong, Suzhou, Anhui, Zhengzhou and Guangzhou is 1.07, 1.1, 1.12 and 1.06 respectively. At present, the price difference between wheat and corn remains at 160-280 yuan per ton.

China's wheat imports increased month-on-month in April

According to customs data, China imported 241400 tons of wheat in April, an increase of 89200 tons from the previous month, the highest monthly import so far this year. Compared with the same period last year, wheat imports in April decreased by 132200 tons, or 35.39 percent.

Wheat imports fell from January to April compared with the same period last year, with a total of 597800 tons of wheat imports, a decrease of 1.6195 million tons, or 73.04 percent, over the same period last year.

So far, China imported 1.127 million tons of wheat in 2014 and 2015, a decrease of 5.4196 million tons, or 82.79 percent, compared with the same period in 2013.

Based on the closing price on May 27th, the customs value of US No. 2 soft red winter wheat to Chinese port in May was 1730 yuan / ton, which was lower than the port sales price of domestic wheat of the same quality. The customs value of American soft red winter wheat arriving at Hong Kong in the same period last year was 2257 yuan / ton. In May, the customs value of US No. 2 hard red winter wheat arriving at Hong Kong was 1894 yuan / ton, which was lower than the port sales price of 1186 yuan / ton of domestic high-quality wheat of the same quality, while the customs value of American soft red winter wheat arriving at Hong Kong in the same period last year was 2700 yuan / ton.