Investors are urged to deliberate on the impact of recent heavy rains on China’s main wheat region
Wheat
China
Published May 31, 2023
Tridge summary
Investors need to consider carefully the possible impact of recent heavy rainfall on the yield and quality of wheat in the south of Henan province, China’s main wheat producing region, market insiders told Yicai Global. About a quarter of China’s wheat crop comes from Henan.
Original content
The province’s southern area is its major production hub, and some areas have experienced long hours of intense rainfall. The wheat in southern Henan is ripening, while that in the northern part is in the late stage of grain filling, Henan Daily reported, citing Guo Tiancai, a professor at Henan Agricultural University. The rains will impact seed and grain quality as well as the wheat’s commercial value, Guo added. The wet weather will affect the yield and quality of newly-harvested wheat, Zheng Wenhui, a grain economy researcher at Guangdong South China Grain Trading Center, said to Yicai Global. Caution is advised as speculators hype up the weather factor, though that may result in modest increases in the price of high-quality wheat before the situation becomes clearer, she added. Prefecture-level cities in southern Henan, including Zhumadian, Nanyang, and Zhoukou, were seriously hit by the rains, according to Zhang Zhixian, deputy director of China Grain Yida Research ...
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