BEIJING (Dow Jones)--Wheat prices in China's major producing areas were mostly stable in the week to Monday, supported by the government's hike of wheat sales prices. Wheat prices in Dezhou in Shandong province were between CNY1,860-CNY1,900 a metric ton, stable from a week ago. Wheat prices in Huaibei region in Anhui province were stable at around CNY1,820/ton. Last Wednesday, the government further increased wheat auction base prices by CNY40-CNY60/ton, but this dampened demand. During the weekly auctions, the government sold 1.28 million tons of the wheat it bought under the minimum purchase price program, or 56% of the 2.31 million tons it planned to sell, compared with 1.62 million tons it sold last week. Traders weren't willing to compete for the wheat as they have been buying actively recently, and higher prices kept them on the sidelines, said Tianqi Futures in its note. Meanwhile, supply will be ample in the coming months as the government needs to sell more wheat to make room for the purchase of new wheat, which will be harvested in June, it said. Winter wheat growth has almost recovered to last year's level after an earlier drought, which was largely eased by rainfall and irrigation, said the Ministry of Agriculture last week. China National Grain and Oils Information Center expected wheat demand from wheat flour processing plants to be mostly stable in the near term, with purchases likely to increase somewhat on dwindling stocks. -Zheng Xiaolu contributed to this story, Dow Jones Newswires; 8610 6588-5848; tracy.zheng@dowjones.com
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
29800.00 | + 650 | 30000.00 | + 840 |
ПФО |
28940.00 | + 990 | 29000.00 | + 950 |
СКФО |
29450.00 | + 750 | 30000.00 | + 1050 |
ЮФО |
29250.00 | + 1100 | 29700.00 | + 750 |
СФО |
29300.00 | + 900 | 29500.00 | + 1200 |
Регион | Закуп. | Изм. | Прод. | Изм. |
---|---|---|---|---|
ЦФО |
72000.00 | + 1000 | 73300.00 | + 50 |
ЮФО |
69800.00 | + 0 | 74000.00 | + 0 |
ПФО |
71500.00 | + 500 | 73100.00 | + 100 |
СФО |
72500.00 | + 500 | 74900.00 | - 100 |
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