Wheat prices hit a new high, flour production companies call on dealers to accumulate...

After the Spring Festival, the prices of agricultural products have soared

In the face of rising wheat prices, flour dealers are holding a wait-and-see attitude, and they are not very motivated to continue to prepare warehouses

Wheat prices will remain high in the short term

China is the largest producer and consumer of wheat

On March 9, an analysis of the supply and demand situation of China's agricultural products released by the Market Warning Expert Committee of the Ministry of Agriculture and Rural Affairs showed that the price of wheat rose at a high level, and the expectation of wheat to replace corn for feed consumption was reduced

In terms of external disks, after the monthly continuous futures price of CME CBOT wheat reached a record high of $13.

Lv Fengyang, a wheat analyst at Shanghai Ganglian Agricultural Products Network, told the "Securities Daily" reporter that the price of wheat has gradually recovered after it has stabilized and stabilized recently.

On February 23, Tang Renjian, Director of the Office of the Central Rural Work Leading Group and Minister of the Ministry of Agriculture and Rural Affairs, said at a press conference on comprehensively promoting the key tasks of rural revitalization in 2022: "When wheat is planted in 2021, affected by the rare autumn flood, Shandong, Shandong, Wheat in Henan, Hebei, Shaanxi and other places is about half a month late

In response to this year's wheat planting situation, on March 10, the Ministry of Finance announced that on March 8, the Ministry of Finance had allocated 1.

Urgently hope that dealers will actively order

After the Spring Festival, the price of wheat has continued to rise due to various factors, reaching a new record high.

In the same period of previous years, the demand for flour was low season, and the overall price showed a slow decline.

Wudeli Group stated in the above-mentioned letter that the price reduction of wheat was only short-lived and has entered a recovery period

Arowana's packaged flour has the largest market share in modern channels.

"The rising cost of wheat procurement has an obvious impact on the rising production cost of the company's supply chain.

"In the short term, we mainly do a good job of market monitoring.

At the same time, an unnamed downstream flour and biscuit manufacturer told reporters that the company has recently increased product prices by 5%-8% to reduce the impact of the rising upstream raw material wheat prices on the company

Regarding the future price trend of wheat, Lv Fengyang said: "From the perspective of supply, there are not many grass-roots grain sources left, but the policy of wheat continues to put in, and the market supply of grain sources can basically meet the rigid demand