Grains - Grain Products

Cereals daily: France prioritises exports to China

November 30, 2020 10:23 AM, Der AUDITOR
Play report as audio

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 Mills have withdrawn from the market, while the concentrated feed industry still has to buy.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

View related articles

Go to the News Overview
Grains
Sep 23, 2021
BEIJING/KIEV. The buckwheat harvest continues to progress. In China, drought and good demand are driving up prices. Meanwhile, Germany has increased its imports by 50% year-on-year.
Grains
Sep 8, 2021
BEIJING/KIEV. Recently issued USDA estimates state that global millet production will range at 31.11 million mt this year. This is roughly on par with last year. While production in India is set to rise by more than 2% to 12.80 million mt, production in Niger is expected to decline by more than 1% to 3.80 million mt. Production in China should be similar in size to last year.
Grains
Sep 7, 2021
BEIJING/MOSCOW. Until recently Russia did not rule out an extension of the export ban for buckwheat. While harvesting is well underway in Ukraine and has started in Belarus, this is still to happen in China. Prospects are mixed.
Grains
Aug 19, 2021
BEIJING. Chinese farmers will soon start harvesting buckwheat and market players are very optimistic. The export ban from the Eurasian Customs Union will remain in place until the end of the month for the time being.