Recently, the domestic price of wheat and corn has finally shown a continuous decline.
The latest news shows that today, the price of Pumai in Shandong Developed Plain Company is adjusted to 1.60 yuan/kg, down 5%; Henan Sifeng Noodle Industry first lowered its price to 1.5 points to 1.6 yuan, and then announced that it would suspend its acquisition until further notice.
In the corn market, at present, Shandong Xiangrui Pharmaceutical 1.445 yuan/kg, down 1 min; The latest price of plum blossom in Tongliao is 2760 yuan/ton, down 10 yuan.
From the spot market, first of all, after the sharp rise of wheat in the early stage, the unfavorable conditions of poor sales of downstream flour and bran appeared, and the orderly auction of the State Reserve cooled down the enthusiasm for purchasing grain sources in the market.
In the corn market, although the price has been adjusted back in the past two days, it still faces an upward trend in the medium and long term.
It is reported that the auction of overdue rice has been suspended since last week, and it is reported that the relevant parties may raise the auction reserve price.
In addition, with the recent frequent purchase of corn, sorghum, rice, broken rice and other corn substitutes by Chinese buyers in the international market, there is no possibility of further decline in terms of cost.
Data from JCI, an industry organization, show that the current price of sorghum in the United States has reached 2960 yuan/ton, and the broken rice in Southeast Asia is also concentrated at 3000 yuan/ton.
At present, in view of the supply and demand situation of domestic grain, the relevant departments have stressed that we should ensure the completion of the target task of stable production and supply of corn and rice, and strive to stabilize the corn area and output at last year's level.
However, from the current stage, corn spring sowing may face greater logistics and cost pressure.
From the domestic point of view, the short-term epidemic prevention and control situation will pose unfavorable conditions for the transportation of grass-roots fertilizers, but from the price point of view, the trend of tight global fertilizer supply has not been alleviated.
At present, the good news is that in the face of the global food crisis, Russia has announced the relaxation of fertilizer exports.
The data show that Russia is a major producer of potash fertilizer, phosphate fertilizer and nitrogenous fertilizer.
It produces more than 50 million tons a year, accounting for 13% of the global total, and exports to Asia and Latin America, which will help alleviate the global food crisis.
At the same time, news from the industry media said that in order to protect farmers from the shortage of fertilizer, the United States has relaxed sanctions on some fertilizer products, including fertilizer.
However, the market is still unclear whether this measure can continue, because the latest news shows that due to various sanctions, Russia's relatively short sugar procurement is suffering resistance, and some sugar that should have been shipped to Russia is shipped to other regions.
Sukdun, a sugar trading company that imports Brazilian raw sugar from Russia, has recently transferred two batches of Brazilian raw sugar to Russia.
Louis Dreyfus, another big international grain merchant, also said that its ship loaded with 45,000 tons of Brazilian raw sugar sailed from the Brazilian port at the end of February, and the destination was also for Russia, but now it has left some goods in Egypt and the rest in Georgia.
According to industry data, the Russian sugar consumer price index has soared by 46% from this year 1 month 1 day to March 25th.
Since sugar is an important commodity for people's livelihood, it is difficult to predict that it will lead to any other situation.
Due to the huge uncertainty in the market, in addition to the frequent price fluctuations of international bulk agricultural products, some countries have further increased their concern about food supply.
The latest news shows that Kazakhstan has temporarily restricted the export of wheat and flour since April 1, and Algeria has also published a list of foods that are prohibited from export.
According to the data, Kazakhstan is a major flour exporter in the world.