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Cereals daily: imports will be required in Europe

January 28, 2021 10:13 AM, Der AUDITOR
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CHICAGO/PARIS. Analysts are convinced that the wheat market in Western Europe will require imports to stabilise prices. China is, meanwhile, driving the corn market.

Wheat prices remain high
Algeria purchased 600,000 mt of wheat on Wednesday, mainly in France and partly also in Argentina. Prices are said to range at USD 313/mt CIF. The decline in value of the euro has improved the export potential for EU wheat. Since the Czech Republic and Poland have already exported much wheat traders in Eastern Germany are concerned over how to cover demand in May and June. Imports are certainly required, otherwise the new season will start off with high prices. As production is expected to range higher high prices will not be s

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