Towards the end of 2022, many people have begun to prepare for the New Year. Flour, meat products, etc. will be very popular in the market, so the prices of commodities such as wheat are very popular among the public.

At present, the overall trend of wheat prices across the country is still falling. The downward adjustment areas involve major provinces and regions such as Shandong, Henan, Hebei, Anhui and Jiangsu, covering a wide range of areas. The mainstream adjustment range is between 6-20 yuan/ton. , the wheat price of flour companies is generally 1.59-1.525 yuan/jin, which has dropped by 2 cents/jin in the past week. So how much is the current wheat price per catty? Next, let’s learn about the latest market analysis of wheat prices on New Year’s Day and Spring Festival.

How much is the current price of wheat per pound?

Inner Mongolia: Wheat in Hailar District, Hulunbuir City, Inner Mongolia is 1.25 yuan/jin; wheat in Yakeshi City, Hulunbuir City, Inner Mongolia is 1.42 yuan/jin.

Anhui Province: Wheat in Yuhui District, Bengbu City, Anhui Province is 0.73 yuan/jin; wheat in Yingzhou District, Fuyang City, Anhui Province is 1.7 yuan/jin; wheat in _Qiao District, Suzhou City, Anhui Province is 1.25 yuan/jin.

Shandong Province: Wheat in Anqiu City, Weifang City, Shandong Province is 1.5 yuan/jin; wheat in Liangshan County, Jining City, Shandong Province is 2.2 yuan/jin; wheat in Pingyi County, Linyi City, Shandong Province is 2.2 yuan/jin; Luozhuang, Linyi City, Shandong Province District wheat is 1.83 yuan/jin; Wheat in Zhanhua District, Binzhou City, Shandong Province is 1.39 yuan/jin.

Henan Province: Wheat in Zhongmu County, Zhengzhou City, Henan Province is 2 yuan/jin; wheat in Xiangcheng County, Xuchang City, Henan Province is 1.58 yuan/jin; wheat in Wolong District, Nanyang City, Henan Province is 1.46 yuan/jin; Zhenping County, Nanyang City, Henan Province Wheat is 1.55 yuan/jin; wheat in Sheqi County, Nanyang City, Henan is 1.26 yuan/jin; wheat in Tanghe County, Nanyang City, Henan is 1.45 yuan/jin; wheat in Zhecheng County, Shangqiu City, Henan is 1.05 yuan/jin.

Hubei Province: Wheat in Tianmen City, Hubei City is 1.56 yuan/jin; Wheat in Jingshan City, Jingmen City, Hubei City is 1.55 yuan/jin; Wheat in Xiangzhou District, Xiangyang City, Hubei is 1.57 yuan/jin; Zaoyang City, Xiangyang City, Hubei Province Wheat is 1.48 yuan/jin; wheat in Yicheng City, Xiangyang City, Hubei Province is 1.5 yuan/jin.

Gansu Province: Wheat in Qinzhou District, Tianshui City, Gansu Province is 1.58 yuan/jin; wheat in Guazhou County, Jiuquan City, Gansu Province is 1.4 yuan/jin.

Remarks: The above prices are from the quotation hall of Huinong.com. They are not retail prices and are for reference only.

In addition, the price of wheat is affected by many factors such as origin, variety, supply and demand, etc. Please refer to the actual local price.

What is the reason for the fall in wheat prices?

With the arrival of the Double Festival, it should be the peak season for flour consumption, but wheat has stopped rising and turned falling, rising and falling.

It is reported that the opening price of wheat this year is above 1.50 yuan/jin. For purchasers, the wheat market this year is not very good, and the purchase risk is high.

In the past few years, wheat prices generally hovered around the lowest purchase price, with purchase prices of 1.1 yuan/catty being more common. However, this year the cost of wheat has increased, with an increase of 0.4-0.5 yuan per catty.

In addition, due to the influence of various domestic and foreign factors, although the rise and fall of wheat is not very large, the rise and fall are relatively frequent. For purchasers, any small fluctuations are unbearable. Especially for wheat purchased at high prices, the storage risk is very high. Even an increase or decrease of 0.1 yuan/jin is already a relatively large fluctuation for purchasers.

As a result, purchasers will sell the wheat on hand, resulting in an increase in wheat supply in the market and a corresponding decline in prices.

From the analysis of market supply and demand, as the epidemic is relaxed, everyone thinks that consumption will improve, but the actual situation is not like this, because the epidemic spreads very quickly, and many people have become ill because of it. Due to various degrees of discomfort, in order not to cause trouble to others or not to feel unwell themselves, everyone has also reduced the number of times they go out, which has also led to continued sluggish consumption.

And now that many schools are on holiday, the demand for flour has become smaller, but the supply of wheat has not decreased significantly. Therefore, wheat prices have declined.

In addition, our country has sufficient wheat reserves and will have a bumper harvest and increased production this year.

International wheat has also had a bumper harvest, and prices have fallen sharply, and the decline has not been small, which has also affected the price of wheat in my country to a certain extent.

The latest trend analysis of wheat prices on New Year's Day and Spring Festival

Since December, wheat prices have fallen back to a stable range and prices have continued to weaken.

The main reason for this price correction is that the domestic logistics end obstruction and trunk line problems have been quickly alleviated. The current epidemic prevention and control continues to optimize and adjust, and the market has also achieved an increase in volume as the supply chain recovers.

However, as we enter the peak season for flour demand and the epidemic situation improves, the demand for deep processing and catering will increase, which is expected to further stimulate demand for wheat.

It is difficult for wheat to fall sharply in a short period of time. Weather and epidemics are important factors affecting changes in the wheat market. The overall market supply of wheat is still tight, but as the amount of wheat increases, the market may adjust downward. .

At present, although the price of wheat may fluctuate, it will continue to be at a higher price level in the future. In addition, as New Year's Day and Spring Festival are approaching, the demand for wheat will also increase. , and flour consumption has also entered the peak season, which will further stimulate the wheat market.

In general, the decline in wheat prices is a normal market phenomenon. The current decline in wheat prices is determined by market demand and market environment.

Under the current special environment, the decline in wheat prices is easy to understand.

Although winter is the peak season for flour demand, especially the closer to New Year’s Day and Spring Festival, the higher the price will be. However, this year there has been a phenomenon of “low peak season”. Affected by the current epidemic, many suppliers and Flour companies lack confidence in the current market, market demand has deteriorated, and wheat consumption has also decreased relatively. Grain industry operators must be mentally prepared and treat it with a normal mind.