Tensions between Russia and Ukraine continued to push up food prices, and soft red winter wheat futures on the Chicago Mercantile Exchange rose for the third consecutive trading day, the first time since 2008. Wheat futures have risen by more than 30% since 2022. Paris flour wheat rose more than 9%, setting an all-time high.
Russia and Ukraine are important exporters of barley and wheat. Nearly 30% of China's imported corn and barley come from Ukraine. At the same time, the late sowing of wheat in China due to the weather in the North last winter may reduce the output this year, and the wheat price is strong. Experts predict that global food prices will remain in the channel of high prosperity in 2022, and the planting and seed sector may continue to benefit.
According to the theme database of financial Associated Press, among the relevant listed companies:
The seed products produced by Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) company mainly include rice seeds (mainly japonica rice), wheat seeds, barley seeds, corn seeds, etc.
Gansu Dunhuang Seed Group Co.Ltd(600354) the company produces 100 million kg of various crop seeds per year; At present, there are 7 seed processing enterprises and 6 cotton processing enterprises, with a total processing capacity of 65000 tons and 70000 tons of seeds and cotton respectively.
