MySheen

Industry point of view: the first sale of wheat in the new year is in the doldrums

Published: 2024-11-22 Author: mysheen
Last Updated: 2024/11/22, On January 5, 2016, the national temporary storage wheat ushered in the first auction of the new year. Due to the lack of adjustment of the national temporary storage wheat auction policy, the transaction of the national temporary storage wheat continued to be in the doldrums because of its price disadvantage. On January 5th, the state plans to auction 1.1541 million tons of wheat for temporary storage.

On January 5,2016, the national temporary storage wheat ushered in the first auction of the new year. As the auction policy of the national temporary storage wheat has not been adjusted, the price disadvantage of the national temporary storage wheat leads to the continuation of the downturn. On January 5, the national temporary storage wheat plan auctioned 1,154,100 tons, the actual production and delivery of 12,300 tons, the average price of production and delivery of 2520 yuan/ton, the average production and delivery rate of 1.06%, of which 10,138 tons in Jiangsu, 1,000 tons in Anhui and 11,390 tons in Henan.

Under the condition that the quantity of domestic wheat circulation market is small and the policy price is higher than the market price, the policy plays a certain role in boosting the "quantity price" of domestic wheat market. It is expected that under the condition that the phased multi-empty factors gradually tend to be stuck, the wheat market price as a whole will be in the range fluctuation pattern, and the domestic wheat market price as a whole may run in the policy price range formed by the purchase price of the market and the auction base price of the national temporary reserve wheat.

 
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