How To Invest In Wheat In The Philippines: Wheat is known as a popular commodity in the investment world. Interestingly nearly all of the wheat in the Philippines is imported from other countries, and we will be speaking about how to grow wheat in the Philippines below.
Nevertheless, for this moment in time, we will be covering the process of how to invest in wheat in the Philippines and be exploring if wheat is a good investment in the Philippines.
How To Invest In Wheat In The Philippines
1. Find Your Wheat Broker
When deciding to invest in wheat in the Philippines, you will need to find an investment broker in commodities such as wheat. There are several different options depending on whether you are in or outside the Philippines. The most popular wheat broker in the Philippines is Etoro.
Previously we have explored a full guide on investing in commodities in the Philippines where we explored the process of Etoro and how you can invest in wheat. Nevertheless, there are other investment brokers available. However, Etoro remains a user-friendly and trusted platform for millions of investors.
Once you have found your wheat broker and created a profile, you will then move on to the next step of investing in wheat in the Philippines, which includes filling in the necessary details.
2. Submit Your Details And Complete Your Profile
Due to regulations globally and laws such as anti-money laundering laws, many investment companies must keep records about their customers before investing. Of course, this will depend on what platform you are choosing, but most platforms will require forms of identification and proof of address.
If you decide to use the Etoro platform, you have many options to prove your identification and address. For example, proof of address can be confirmed by a bank statement, a utility bill, or a tax bill. Once this information has been completed and verified, you will continue investing in wheat in the Philippines.
3. Add Your Investment Funds
The third stage on how to invest in wheat in the Philippines involves adding your investment funds. If you decide to use Etoro as your platform, you can add your funds via a credit card or PayPal. There are also several other options available.
Unfortunately, it is not possible to pay in Filipino pesos at this moment. Euros, Great British Pounds, and U.S. dollars are available, however. For many Filipinos investing in U.S. dollars is the most convenient option after Filipino pesos.
Please note there may also be a minimum fee. At the time of writing, if you are looking at how to invest in wheat in the Philippines, you will need to invest a minimum of $50 (2568 PHP). This does not mean all of the $50 needs to go into wheat, but that is the minimum top-up amount that Etoro requires. As mentioned, different platforms will operate slightly differently.
4. Decide On Your Price And Purchase Your Wheat Investment
The final stage on how to invest in wheat in the Philippines is the purchasing of the commodity. Click on the buy button if you use the Etoro platform and submit. It is highly recommended that you read the terms and conditions of Etoro and familiarise yourself with the platform, as this is extremely beneficial for investors.
Is Wheat A Good Investment In The Philippines
Over the last 40 years, wheat has had its highs and lows in the market. This is because supply-demand and global developments all affect the price of wheat and directly affect if wheat is a good investment in the Philippines or not. In essence, there are several factors to consider when deciding if wheat is a good investment in the Philippines.
On the 24/25 of February 2022, Russia invaded Ukraine. During the first day, wheat exploded and was up 20%. From analysis, calculations, and possible outcomes, many investors see wheat as a good investment in the Philippines. Naturally, this will depend on the investor’s short and long-term position and overall investment goal.
- 1970 – $1.72
- 1975 – $3.43
- 1980 – £4.91
- 1985 – $3.13
- 1990 – $3.96
- 1995 – $5.03
- 2000 – $2.69
- 2005 – $3.35
- 2010 – $7.74
- 2015 – $4.82
- 2022 – $7.79
As we can see from the list above, the overall price to invest in wheat in the Philippines has fluctuated heavily. From analysis, market volatility is timed closely with the overall supply and demand and external factors similar to that of the recent Ukraine invasion.
Can You Grow Wheat In The Philippines
Unfortunately, there is no commercial wheat grown in the Philippines. Wheat has unique characteristics and often thrives in cooler climates. As the Philippines is tropical, most wheat is imported from other countries.
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