The wheat price is increasing in W22 since wheat-producing provinces like Henan and Hubei in China are experiencing severe rain. The selling price of wheat (Grade II) ranges from USD 374-383/MT (RMB 2.66-2.72K/MT). There are increasing concerns about the production of 2023 new crops. Additionally, quality problems like mold and flat seed may arise due to rain in the harvest season.
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