High-quality wheat prices are rising rapidly, and here is how the industry sees it
High-quality wheat prices are rising rapidly In recent times, prices of high-quality strong-gluten wheat have risen rapidly across various regions, and the market for buying and selling high-quality and ordinary wheat can be described as a tale of two extremes. The reason is that some traders believe that, based on last year's experience, high-quality wheat will still have a relatively good market this year, and they have entered the market one after another to snap up supplies, with the mentality of hoarding high-quality wheat continuously strengthening. On the market-support purchase front, as market-support purchases in various regions gradually get into gear, the purchase pace is expected to accelerate, and purchase volumes will gradually expand. Supported by this, prices of new ordinary wheat will rise slightly while remaining stable, but the room for increase will be limited.