One of the most extensively grown crops worldwide is wheat. It is a member of the Triticum genus and is planted largely for its palatable seeds. Common wheat (Triticum aestivum), durum wheat (Triticum durum), and spelt wheat (Triticum spelta) are three types of wheat. Numerous crucial characteristics of wheat contribute to its value and practical application. It is a significant dietary source of protein due to its high protein content. Wheat grains are a good source of vitamins, minerals, fiber, and carbs. They can make various foods, including bread, pasta, and pastries, because of their favorable milling and baking properties.
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The leftover stalk of wheat, known as wheat straw, has fibrous qualities and can be used in various industrial processes, including producing paper and packaging materials. Wheat is a cool season crop that is versatile in its ability to grow and is essential to ensuring food security worldwide.
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 trend, including India Wheat price, USA Wheat price, pricing database, and analysis 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:
The food sector uses wheat as the main ingredient. It is transformed into flour, a key ingredient in bread, pasta, pastries, and other baked foods. Breakfast cereals, snacks, and processed goods are all made with wheat flour. Wheat straw, the leftover stalk from grain harvesting, has industrial uses. To produce paper, cardboard, packing materials, and other cellulose-based goods, it can be used as a renewable raw resource. The paper business uses wheat straw processed into pulp and fibers. Additionally, wheat bran is used to make dietary supplements, animal feed, and as a fiber component in culinary items. Wheat germ, full of vitamins and minerals, is used to make skincare, cosmetics, and dietary supplements.
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:
- 16 May 2023: Wheat procurement near 26 mt, MP only hope to augment Central Pool supplies- The overall amount of wheat expected to be purchased this year is between 26 and 27 million tonnes (mt), as of May 15. The wheat procurement effort in Punjab, Uttar Pradesh, and Madhya Pradesh is expected to be completed. Under the provisions of the food security law and other social programs, there may be a surplus of around 8 mt compared to the yearly demand, which could assist the government in making provisions for market intervention.
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Reference Link – https://researz.com/wheat-price/
