Wheat Price Trend and Forecast

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Market Overview

For the Quarter Ending March 2022

North America

In North America, the prices of wheat remained on the upper side due to various factors stemming from unfavorable climatic condition, Russia Ukraine war crisis etc. In the beginning of the Q1 2022, the prices slightly fluctuated due to poor climate condition with extreme heat and dryness. With the end of first half, the prices fell owing to adequate rainfall and good harvest. On the onset of second half, the prices surged gradually owning to Russia-Ukraine war crisis stalling the wheat shipment due to suspended major ports of Ukraine, which is one of the vital growing areas. With soaring insurance and freight cost the Russian trade market was also stifled creating pressure on the alternative countries to export. Towards the end of the Q1 2022, the price of wheat was recorded to be USD 438/ton FOB Vancouver (Canada).

Asia Pacific

In Asia-Pacific region, the prices of wheat increased in the Q1 2022 owing to Russia Ukraine invasion and poor weather condition. At the onset of Q1, the prices slipped down slightly as a consequence of favorable weather and good harvest. With higher inventories the supply demand market was running normal. At the end of first half, the prices rose significantly led by Russia Ukraine war crisis. As the situation got worse the major exporting nation Russia and Ukraine halted the production units building up pressure on the other countries to export wheat with the surging demand, globally. Towards the end of the Q1 2022, the price of wheat was recorded to be INR 22500/ton Ex-Indore (India).

Europe

In Europe, the prices of wheat hovered on the upper side owing to varying factors likely labor shortage, Russia Ukraine invasion etc. During the commencement of Q1 the prices slipped as the demand supply market was normal with strong export market. The prices surged sharply towards Q1 2022 termination with unprecedented supply shock to global consumers. Russia and Ukraine, world’s major vital growing areas are facing stifled supply due to war crisis owing to production halt in Ukraine, labor scarcity, shipment disruption. Also, the resurgence of pandemic resulted in increased freight charges. Towards the end of the Q1 2022, the price of wheat was recorded to be USD 410/ton FOB Odessa (Ukraine).

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Wheat is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Wheat market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Wheat manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Wheat market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Wheat market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Wheat are analyzed and region-wise demand pattern is tracked.

About

Wheat is broadly segmented by geography into North America, Europe, Asia-pacific, South America and Africa. Wheat is a grass widely cultivated for its seed. Its increased consumption across the countries in varied cuisines and production of various products like flour. Pasta, noodles, and beverages. Major wheat-producing countries worldwide are China, India, Russia, US, and significant wheat exporters are Russia, Europe, the US, and Canada. The uses of Wheat are majorly in the food industry like bread making, biscuit and cake making, in making sauce and confectioneries. It is also used as animal feed. Some key producers of Wheat are AMD milling, Miller milling CO., Grain craft, and Archer-Daniels-Midland Company.

Product Specific Details

CAS No:	9005-25-8
HS Code:	10019910
Grade:	Crude, refined
Contract Size:	50MT-100MT
Packaging Type:	25kg bags

Get real-time pricing intelligence for different chemical products traded worldwide under mentioned Incoterms:

Incoterms: FOB/CFR/CIF/Ex-Works/ Ex-Location

Countries Covered:

• Canada

• India

• Russia

• Ukraine

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Wheat Price Trend and Forecast

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