The Australian wheat board predicts wheat prices will rise
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Last Update: 2001-10-31
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Source: Internet
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Author: User
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Introduction: due to strong shipping, good sales and rising international wheat prices, the Australian wheat board raised its national price forecast for the past year and the new year It is estimated that in 2001 / 02, the price of national wheaten wheat increased by 3 aud / ton, and in 2000 / 01, the price of wheaten wheat increased by 2 aud / ton New and old durum wheat prices increased by $3 / ton Sarah scales, general manager of AWB, the Australian wheat authority, said last week that wheat futures prices on the Chicago Board of trade rose to close at their highest level since August, and expected Australian wheat prices to rise due to higher basis "The global supply of soft red winter wheat continues to tighten, and CBOT prices show that the price of this variety is stronger than other varieties," he said "At present, the factors affecting the market are also concerned about the yield and quality of wheat in Argentina, as well as the climate and diseases and insect pests affecting wheat crops due to extremely humid climate." In the latest forecast, the Australian wheat bureau estimated that the price of the first-class hard wheat in the new year would rise by 3 aud / ton to 283.50 aud / ton, and the price of the benchmark wheat APW is also expected to rise by 3 aud / ton The current price of this variety of wheat is 249 AUD / ton (author:) share to feed Weibo share to:
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