China’s wheat prices remain high despite a recent moderation, which has added to cost pressures on downstream processing enterprises since the second half of last year, highlighting the severity of the tight supply in the domestic market. “The price increase has weighed down the processing industry as a whole, adding to cost pressures on enterprises in the field,” Qiu Yongchao, general manager of Xuchang Qiu­shi Flour Co…Full-text article: Global Times Feb 2013

Key point

  • According to a researcher at cngrain.com, wheat prices are increasing due to poor production in wheat producing areas such as Jiangsu and Henan provinces.

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