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Cereals daily: EU market hit by panic

October 29, 2020 11:11 AM, Der AUDITOR
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CHICAGO/PARIS. Traders in France report that the new national lockdown announced by President Emmanuel Macron on Wednesday has given rise to panic in the market. Germany will also impose a lockdown as of Monday. Bars, cafes and restraurants are once again forced to close, thereby spelling bad news for wheat and for corn.

Wheat consumption set to decline

Panic on the markets was reported by traders in France after night-time curfews were imposed in many EU member states such as Italy, Denmark and Slovakia and in Belgium's capital Brussels. Stricter rules were also imposed in Spain and in Italy. The catering industry and recreational facilities are hard-hit throughout Europe. The national lockdown in Germany, which is to start on 2 November and to last for the entire month, was greeted by protests in the catering and accommodation industries. As the first lockdown in spring showed

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