Grains - Grain Products

Cereals daily: France prioritises exports to China

November 30, 2020 10:23 AM, Der AUDITOR
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CHICAGO/PARIS. China has released wheat reserves and is buying barley. The high prices for wheat and corn have put off many buyers and have prompted demand to shift to other cereals. Mills have withdrawn from the market, while the concentrated feed industry still has to buy.

Beijing releases wheat reserves

Wheat is trading firmer. Egypt has pruchased 175,000 mt of wheat in Russia for EUR 262/mt CFR and South Korea 60,000 mt of US wheat. The USDA weekly export sales are surprisingly high at 795,700 mt. China's wheat prices have surged to such an extent that Beijing has sold 670,000 mt of state reserves to slow the rise in price. China has imposed high tariffs on Australian barley. According to Ukrainian statistics authorities, wheat stocks fell by 19% to 7.9 million mt at the beginning of November. EU winter wheat s

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