According to the monitoring of SunSirs, the high price of domestic wheat market rose sharply in the first ten days of March. After the rise stabilized in the middle of the year, it was at a high level and fluctuated slightly. The average price on March 1 was 2920.00 RMB/ton, and the average price on March 31 was 3194.00 RMB/ton, an increase of 9.38% during the month.

Affected by the sharp rise in international wheat prices, domestic trade entities are bullish, reluctant to sell and hold up prices in the future. In addition, after entering March, there are fewer high-quality and circulating grain sources in the domestic wheat market. In order to ensure production, flour manufacturers have successively raised the purchase price of Wheat, and the manufacturers have raised the price and replenished the warehouse for many times, which led to a sharp rise in the domestic wheat market price in early March.

Wheat prices rose sharply, and the willingness of trade entities to leave the warehouse increased. In addition, the State Reserve wheat continued to leave the warehouse to ensure the supply and stable price. After the manufacturer's wheat inventory was supplemented to a certain extent, the purchase price of wheat was reduced slightly again. Supported by the gradual reduction of circulating grain sources in the domestic wheat market, the overall price of domestic wheat market rose and fell slightly, and then moved forward with high shock.

The wheat analyst of SunSirs believes that: in general, the domestic high-quality and circulating grain sources are decreasing, the demand for terminal flour continues to be weak, the policy wheat is delivered from the warehouse one after another to ensure the supply and stable price, the conflict between Russia and Ukraine is expected to ease, and the long short game. It is expected that the domestic wheat market price will continue to be high and fluctuate slightly in April.

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