# Noodle wheat premium up | Countryman

> Western Australian noodle wheat has moved to an $80 per tonne premium over APW, with ANW1 bid at $369 against APW1 at $288 ex-Kwinana on June 10. Demand is about 750,000 tonnes, mostly from Japan and Korea. Analysts say the premium reflects concentrated trader ownership of noodle wheat rather than a shortage.

- Date: 2016-06-16 · published 2016-06-16T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/10759-noodle-wheat-premium-up-countryman
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The premium is driven by trader positioning and is not expected to last, so it has limited effect on broader wheat prices. It may still widen spreads for specialty wheat buyers.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- countryman.com.au: https://www.countryman.com.au/countryman/news/noodle-wheat-premium-up-ng-ya-109774

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.