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Wheat is a cereal staple food grain that belongs to the grass family. It is grown on a large scale and consumed worldwide by consumers. Wheat grains are also called wheat berries or wheat kernels and appear to be bright yellow to dark brown in colour.
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It has a thick and stiff outer shell and is rich in nutrients such as protein, carbs, and fibre. It finds its primary applicability as a key ingredient in the production of foods like pasta, bread, morning cereals, and baked goods. Its various forms are available in the market, including durum, Spelt, Einkorn, Emmer, and Khorasan wheat.
Key Details About the Wheat Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Wheat price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Wheat Price analysis, including India Wheat price, USA Wheat price, pricing database, and chart can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
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Industrial Uses Impacting Wheat Price Trend:
Wheat is a staple food grain which is consumed globally and is witnessing a significant demand as the global population increases. Furthermore, it has wide usage in breadmaking, where it is the main ingredient. Hence, its demand is directly linked with the demand for bread and other such baked goods. In addition, the food product is high in crucial nutrients like protein, fibre and other such nutrients making it a healthy and vital food item. In addition to its growing consumption, wide usage in the food industry etc., there are other factors that boost its market growth, including the Government regulations for wheat production, subsidies on producing and trading wheat, changes in weather patterns and climate conditions etc.
Key Players:
- Cargill, Incorporated
- The Archer Daniels Midland Company
- Buhler Group
- CHS Inc.
- Star of the West Milling Co.
- Siemer Milling Company
News & Recent Development
- June 6 2023- Prices of wheat and corn increase globally following a major dam collapse in Ukraine which resurfaced fears of the country's fragile state and ability to supply food to the Middle East, some Asian regions and Africa while at war with Russia.
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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
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Reference Link - https://theprocurementexpert.com/wheat-price-trend-forecast/
