Procurement Resource provides latest prices of Milling Wheat. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Due to weak import demand and uncertainty over trade activity in the latter part of the month, average milling wheat prices in the Russian Federation and Ukraine declined by almost 5% in February. In both countries, February quotations were 11% higher than a year ago, a significant decline from November 2021's highs. In Russia, the price was approximately 310 USD/MT.
The top performers in the 2023 wheat market will continue to be milling and feed varieties, with the margin between the two shrinking. A tight supply and demand balance for all grains, exacerbated by the conflict between Russia and Ukraine, has pushed grain market values to new highs in recent months.
However, input costs have risen as well. From July 2021 to April 2022, the average price of UK-produced ammonium nitrate at 34.5 percent nitrogen was 601 GBP/MT, up 138 percent from the previous season's average.
The milling of wheat basically involves the separation or distribution of bran and germ from the endosperm, followed by the reduction of endosperms to fine flour. Various steps are involved in transforming the wheat into flour via the process of milling. Milling Wheat is widely utilised in the food industry to produce different products and for use in several applications.
|Product Name||Milling wheat|
|Industrial Uses||Flour, Biscuits, Shortcrust Pastry, Thickening agent|
|Supplier Database||Grain Millers, Inc, Olam International, Bunge Limited, Star of the West Milling Co., Siemer Milling Company|
|Region/Countries Covered||Asia Pacific: China , India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland , Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
In order to produce Milling Wheat, wheat is first passed through several steps, which include cleaning of wheat, drying it, tempering, etc. Then, it is finally ground and utilised as flour for the commercial purpose.
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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