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Wheat: Morocco and Ethiopia announce new tenders

March 3, 2020 11:14 AM, Der AUDITOR
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FRANKFURT. The wheat markets showed further downward corrections. The focus was set on the new crop, with significantly higher expectations in India and also Australia following the poor crop of last year. The price decline in Russia also put pressure on wheat prices in Paris. Nevertheless, there were new wheat tenders from Morocco and Ethiopia.

The wheat markets remain under pressure. SRW wheat in Chicago declined by 6 cents to USD 5.23 per bushel, EU wheat in Paris by 75 cents to EUR 187.50 per metric tonne and wheat in the Black Sea region by 75 cents to USD 212 per metric tonne compared to yesterday. On the Western European spot market, Milling wheat and C wheat fell by EUR 1.00 to 2.00 per metric tonne, quality wheat by EUR 1.00 per metric tonne. The mills lack new flour business because bakeries are expecting price reductions in the market in view of the new crop and the uncertainty about th

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