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Today is July 16, 2022. Today’s content is mainly as follows:

As of now, my country’s summer grain procurement work is in intense progress. According to statistical data from the National Grain and Material Reserves Bureau It shows that as of July 5, 2022, various grain companies in the main production areas have purchased a total of 31.53 million tons of wheat, an increase of 2.78 million tons year-on-year.

Professional analysts believe that the accelerated pace of grain procurement this year is mainly due to the fact that current wheat prices are at historically high levels and farmers' willingness to sell grain has increased.

It is reported that the price of wheat in the new season this year has opened high since the harvest, rising rapidly from the initial level of around 1.45 yuan. At the peak, the average price of wheat in the six major producing areas was as high as 1.55-1.6 yuan, far from 1.55-1.6 yuan. It is higher than the same period in previous years. Some large grain growers even said that this year's wheat planting is the best year since planting.

According to reports from China's agriculture, rural areas and farmers, in Renze District, Xingtai, Hebei, a certain grain producer is planting high-quality strong-gluten wheat this year, with the sales price reaching 1.65 yuan/jin, excluding land rent and agricultural supplies. After considering fertilizer and labor costs, the net income from one acre of wheat can reach 585 yuan, which is the best year in history.

However, information from flour companies also shows that due to the rise in wheat prices in the new season, many flour mills have also started to raise prices this year under the pressure of rising costs. The market prices of bulk raw materials have also increased. The impact of higher prices on the end consumer market is emerging.

Keming Noodle Industry, known as the "Noodle King", recently announced that in view of the excessive increase in wheat prices and rising operating costs, in order to continue to provide consumers with high-quality products and services and promote the healthy development of the market and industry , the company decided to increase the sales prices of various series of products starting from July 16, 2022, with an average increase of about 5%.

A flour company in the Changji region of Xinjiang raised the price of 25kg flour by 3 yuan per bag due to the continued rise in raw grain prices. A flour company in the Wuwei region of Gansu also raised the price of flour by about 2 yuan per bag.

In this week’s live broadcast of Daily Grain and Oil, we also made a judgment on this year’s wheat market, believing that against the background of inflation and obstruction of Black Sea wheat exports, there is a high probability that wheat prices will still rise this year. , and believes that the current price may have reached the bottom.

Up to now, the wheat purchase price of Wudeli, the largest flour company in the country, in factories across the country is concentrated between 1.53-1.55 yuan/jin, and the latest purchase price of Hebei Jinshahe, the largest noodle company, is concentrated at around 1.54 yuan. Most of the rotational grains from Zhonggrain, the largest warehousing enterprise in China, are concentrated between 1.53-1.54 yuan/jin, which is about 0.02-0.05 yuan lower than the previous high.

It should be pointed out that due to the rapid rise in wheat prices in the early stage of this year, the purchase costs of some traders who were originally prepared to hold grains waiting for the increase have been relatively high. In the recent correction of wheat prices in the main producing areas, they have There are some traders who have taken losses and gone out.

The reduction of grassroots purchasers is expected to keep the current wheat price at a low level for a period of time. With the decline of market grain sources in the future, wheat is expected to have a better upward momentum after August.

In other respects, the latest news from the U.S. Department of Agriculture shows that Chinese buyers purchased 265,000 tons of wheat in the week ending July 7. This is the first large-scale purchase of U.S. wheat this year. It is also my country’s largest single-week wheat purchase from the United States since November 2020.

Data from my country’s customs also show that my country imported 2.72 million tons of wheat from the United States last year, accounting for 27.8% of my country’s total wheat imports that year. However, the import volume from January to May this year was close to zero. .