Wheat prices in the international market rose in 2001
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Last Update: 2002-01-07
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Source: Internet
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Author: User
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Introduction: after the price drop in recent years, wheat prices have greatly improved in 2001 and are expected to increase more significantly in 2002 and 2003 Analysts believe that after China's accession to the world trade organization, the huge new market will bring new opportunities for wheat producers On the Chicago Board of trade, the price of wheat per bushel reached 291.00 cents at the end of the year, up from 279.50 cents at the end of 2001 The price of wheat per ton in London also rose to 76.75 from 66.75 a year ago, which is generally stable Analysts predict that as China's imports are likely to reach 3 million tons, the demand for wheat will increase by 2.9% next year, while the price of wheat will rise by 14.2%.
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