Price: €11.00
Member Price: €0.00

Wheat: Argentina delays repayment of foreign debt

January 23, 2020 at 11:13 AM , Der AUDITOR
Play report as audio

FRANKFURT. The wheat market was slightly weaker in Chicago and Paris and firmer in the Black Sea Region. Argentina is failing to repay its foreign debt, which has caused great uncertainty among exporters. The ongoing strikes in France are increasingly endangering the export and baking industries. France is awarded the Algerian tender for a large share.

In Chicago the front date was quoted at 578.75 cents per bushel, which is 7 cents weaker than yesterday, quotations in Paris were at EUR 95.75 per metric tonne, EUR 3.50 less than yesterday. Only on the Black Sea the February contract increased by 50 cents to USD 233. There was talk of profit-taking in Chicago because China was not buying US agricultural goods. Argentina also put pressure on prices, with the government failing to repay foreign debt worth USD 250 billion. This gave rise to fears of export restrictions, as the market had witnessed two years ago. Argentina benefited

View related articles

Go to the News Overview
Grains
Dec 3, 2025
KYIV/DALIAN. Harvesting in Ukraine is behind last year's levels. In China, millet prices remain stable as weak export demand and high inventories are slowing down the market.
Grains
Dec 3, 2025
KYIV/DALIAN. The buckwheat crop in Ukraine will be significantly smaller this year than in 2024. In China, the market remains stable due to regionally fluctuating acreage and cautious sellers.
Grains
Nov 13, 2025
LIMA/SUCRE. Markets in South American producing countries have stabilised. However, prices are expected to rise from the turn of the year. EU countries have increased their imports by 26% this season.
Grains
Oct 29, 2025
KYIV/DALIAN. Ukrainian farmers have harvested around 60% less millet than at this time last year. Shipments to the EU have also fallen by 24%.