Asian feed wheat prices continue to fall
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Last Update: 2002-06-29
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Source: Internet
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Author: User
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Introduction: Dow Jones Singapore June 14 news: on Friday, according to a dealer in Seoul, the price of feed wheat exported to South Korea fell to $93.77 per ton from the average price of $96 per ton earlier this year due to the market's expected increase in supply in the next few months Korea feed Association (KFA) purchased 52000 tons of feed wheat from Louis Dreyfus in the form of bidding, with the price of CNF of 93.77 US dollars per ton, which was delivered to Incheon on November 30 Earlier Friday, South Korea's mfg feed processing group purchased 52000 tons of optional feed wheat from TOEFL International Trading Co., with CNF price of $93.91 per ton, which was delivered on October 15 'prices are good and the market expects the upcoming new grain production to be at a high level,' one trader said of the Eastern European grain production Another trader said Australian wheat was affected by the weather Australia is likely to export more feed wheat According to traders, suppliers may try to increase the export of feed wheat to meet the expected sales target According to one dealer, the average price of feed wheat CNF exported to South Korea in 2001 was US $106 per ton, compared with us $110 per ton in 2000 Suppliers had to lower their prices to compete with corn because of its cheaper price and weak demand for feed wheat (author:) share to feed Weibo share to:
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