Wheat prices in Hubei were higher last week, but the prices for wheat diverged depending on quality. Newly harvested wheat that didn’t meet the quality standards for storage is priced at 2420-2550 yuan per ton and continues to be shipped out of the province to neighboring provinces with higher livestock feed demand.
Wheat that meets quality standards for government storage is priced at 2480-2520 yuan per ton. Due to quality issues in Hubei, most of the grain needs to be shipped from other provin...