In China, according to market operators, while wheat sowing there are significant delays in the process due to dry weather conditions established in the key agricultural regions of the country. Thus, according to weather forecasts, rainfalls in China are not expected until at least October 20.
It must be mentioned that the Chinese government is trying to encourage local farmers not to reduce acreage under grain to less than it was last year. Thus, the minimum purchase price of wheat harvest of 2014 has increased by 5.4 % all throughout the country- to $390 per ton, which, however, is still below the current market price for the product.