Grains - Grain Products

Cereals daily: rise in coronavirus infections prompts stockpiling

October 8, 2020 11:06 AM, Der AUDITOR
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CHICAGO/PARIS. As global coronavirus infections are surging many countries are building higher grain inventories. Wheat and corn are in high demand as the impact of the second coronavirus wave remains uncertain.

Countries stock up on wheat
The prices for wheat continue to rise. Rain is lacking in the US, Russia and Ukraine and Argentina. Poor sowing conditions for winter wheat will impact global production in the current fiscal year. Export demand is providing an additional boost to prices. In view of rising Covid-19 cases, importing countries are increasingly replenishing their inventories. Pakistan bought 330,000 mt of soft Black Sea wheat on Wednesday, Japan 118,428 mt from the US and Tunisia 92,000 mt mainly from France. Germany has shipped 115,000 m

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