Wheat Price Chart, Historical and Forecast Analysis | Procurement Resource
Wheat, a type of grass prized for its seeds and cereal grains, serves as a crucial staple food worldwide. Within the genus Triticum, multiple wheat species exist, with common wheat being the most extensively cultivated. The land allocated for wheat cultivation surpasses that of many other food crops, underscoring its significance. Furthermore, wheat stands as the most widely traded crop globally, surpassing the combined trade of all other crops. It serves as a vital source of carbohydrates and vegetable proteins, comprising 13% of protein content, a notable amount among primary cereals. However, its protein quality for supplying essential amino acids is comparatively lower.
China leads as the largest wheat-producing nation on a global scale, with India following closely as the second-largest producer. Russia ranks third in wheat production and holds a prominent position as a major wheat exporter worldwide. Alongside these nations, the United States, France, and Canada stand among the primary contributors to global wheat production.
Request for Real Time Wheat Prices: https://www.procurementresource.com/resource-center/wheat-price-trends/pricerequest
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 trends, 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.
Industrial Uses Impacting Wheat Price Trend:
Wheat serves multiple purposes, primarily as a crucial component in food, feed, and biofuel industries. Its seeds and cereal grains are cultivated extensively, serving as a global staple food. Wheat grain undergoes crushing to produce flour, essential for bread, pasta, and pastries. Additionally, it’s a valuable livestock feed. Recent exploration into incorporating sprouted wheat into animal diets has expanded market possibilities. With rising wheat consumption in the Asia Pacific region due to its significance in human diets and livestock feed, the demand continues to grow. Furthermore, wheat starch finds applications in various industries, indicating a further surge in wheat demand.
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:
- October 2022: A wheat technology, biological nitrification inhibition (BNI), has been introduced in India. This new technology will support the creation of nitrogen-competent wheat production techniques in the Indo-Gangetic region of India.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
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.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: [email protected]
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
