Wheat situation and prospect in China

Introduction: in recent months, due to the weakness of corn price, the proportion of wheat in feed has also declined However, the price of wheat also weakened with the price reduction of corn Generally speaking, the stock of wheat is still huge and the demand for food consumption is not strong Although it is lower than the consumption in 2001, the feed consumption of wheat in 2002 is likely to continue to increase significantly Different from corn, although the TRQ of wheat reached 8.468 million tons in 2002, there has not been a large number of reports about purchasing wheat shipped in 2002 Similar to corn, the Chinese government will try to postpone wheat imports to the end of the 2001 market year Unless imported wheat is used to produce feed, China's demand for imported wheat will be the most strong ones that can meet the needs of processing plants to make cakes and bread flour with low protein and high protein Although this market is very important, it may not be very large, especially considering that China has successfully cultivated some domestic wheat varieties that can meet these needs in recent years China's domestic wheat market: in terms of demand for dumplings, noodles and steamed bread flour, the domestic market is still weak, so domestic wheat is likely to continue to meet these needs very easily Coupled with the current large wheat stocks, this may mean that even if the government can no longer delay imports, China will not use the tariff rate quota of wheat on a large scale in the near future The weather drought during the seeding period may affect the winter wheat yield in 2002, but the loss is not as serious as expected The sown area is almost the same as that in 2001 9m6