 Home > Food News > Food Articles > European wheat market: French port wheat prices continue to rise

European wheat market: French port wheat prices continue to rise

 Last Update: 2021-12-02
 Source: Internet
 Author: User

Tags

french investment banks

calcium period number

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Foreign media news on November 28: French wheat spot prices continued to rise in the past week , setting a new multi-year high
.
Due to the tight global supply of wheat, EU wheat prices have reached a new high
.

On Thursday (November 25), the delivery price of first-class French wheat at the port of Rouen in France was US$349/ton, an increase of US$2 from a week ago
.
The price range for the past 52 weeks has been between US$240 and US$353 per ton
.

The price of second-class wheat in Shanghe, Argentina was US$319/ton, an increase of US$9 from a week ago; the price of hard red winter wheat in the United States was US$396/ton, an increase of US$17 from a week ago; the price of soft red winter wheat in the United States was US$361 /Ton, up $6 from a week ago
.

On the Euronext in Paris, France, March 2022 wheat futures, the most actively traded on Friday, closed at 302.
75 euros/ton, up 5.
75 euros or 1.
9% from a week ago, while Chicago wheat futures rose 0.
7% over the same period
.

According to data released by the European Commission on November 25, the output of EU wheat (including durum wheat) in the 2021/22 season is expected to be 137.
9 million tons, higher than the 137.
6 million tons predicted in October
.
In contrast, the US Department of Agriculture estimated on November 9 that EU wheat production in the EU for 2021/22 was 138.
4 million tons, which was lower than the October forecast of 139.
4 million tons
.
The International Grain Council expects EU wheat production to be 138 million tons
.

According to data from the European Commission, as of November 21, wheat exports from the 27 EU countries reached 10.
27 million tons (10.
01 million tons last week) and 1.
01 million tons of imports ( 940,000 tons last week)
.
Algeria is the number one destination, importing 1.
434 million tons, accounting for 14.
0%; Egypt imported 1.
201 million tons, accounting for 11.
7%
.

　　At the Port of Rouen, France's number one wheat export port, the port operator Haropa said that as of the week of November 17, the export volume of wheat at the port of Rouen was 104,633 tons, down from 205,032 tons in the previous week
.

　　Euronext's position data shows that as of November 19, investment funds and financial institutions held a net long position of 171,924 contracts in the Euronext milling wheat futures and options market, up from 155,856 a week ago
.

　　On Friday, the euro exchange rate was 1 euro to 1.
13 U.
S.
dollars, and 1 euro to 1.
13 U.
S.
dollars a week ago
.

　　Note: 1 Euro is equal to 1.
13 U.
S.
dollars

French wheat prices EU

　　On Friday, the euro exchange rate was 1 euro to 1.
13 U.
S.
dollars, and 1 euro to 1.
13 U.
S.
dollars a week ago
.

　　Note: 1 Euro is equal to 1.
13 U.
S.
dollars

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.