BEIJING (Dow Jones)--Wheat prices in China's major producing regions remained stable in the week to Monday, as demand has largely reached a plateau ahead of Chinese holidays beginning Oct. 1. In Zibu, Shandong, a major wheat-producing province, prices were CNY2,000/ton, unchanged from a week ago, said Hai Yang, an analyst at Zhengzhou Esunny Information & Technology Co. In Hengshui, Hebei province, wheat prices were around CNY2,000/ton, also mostly flat from a week ago. Wheat prices depend on flour demand, which traditionally rises in the autumn, ahead of Mid-Autumn Festival and eight-day National Day celebrations. Festival preparations, which involve the mass production of flour-heavy mooncakes, powered prices upward in recent weeks, but demand traditionally falls away as the holiday approaches. "Demand is unlikely to grow much further from now," Hai said. Wheat prices have also risen recently as a drought in major corn-producing areas in the northeast has raised concerns that output will fall. Corn is a substitute for wheat in animal feed. But corn prices have begun to post declines as weather concerns, including a warning of early frost, appear overwrought. "If farmers can dry the crop out quickly enough, it won't be affected," Hai said. Minister of Agriculture Sun Zhengcai said Monday China's harvest of autumn crops should be good, barring any major disasters in the latter half of this year. Farmers are making good progress in harvesting corn, soybeans and rice so far, Sun told a news conference. He said 24.6% of corn crops have been harvested so far.
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
34000.00 | + 1000 | 36000.00 | + 2000 |
ПФО |
33500.00 | + 1000 | 35000.00 | + 2000 |
СКФО |
37000.00 | + 0 | 37900.00 | - 100 |
ЮФО |
36500.00 | + 500 | 37900.00 | + 900 |
СФО |
35500.00 | + 500 | 37000.00 | + 0 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
79000.00 | + 3000 | 85000.00 | + 0 |
ЮФО |
80000.00 | + 4000 | 81500.00 | + 4000 |
ПФО |
79000.00 | + 3000 | 81000.00 | + 3500 |
СФО |
80000.00 | + 3000 | 82000.00 | + 4000 |
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