 Home > Food News > Food Articles > European wheat market: French port wheat prices fall, Chinese buyers sell

European wheat market: French port wheat prices fall, Chinese buyers sell

 Last Update: 2021-12-25
 Source: Internet
 Author: User

Tags

start baby food

1 4 hexanediamine

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

Foreign media news on December 19: The spot price of French wheat fell in the past week , continuing the decline of the previous week, mainly due to the decline of more than 2% in European and Chicago wheat .
Falling wheat prices have helped to attract China 's import demand growth .

On Thursday (December 16), the delivery price of first-class French wheat at the port of Rouen, France was US$321/ton, which was US$9 lower than a week ago
.
The price range for the past 52 weeks has ranged from US$240 to US$353 per ton
.

The price of second-class wheat in Shanghe, Argentina was US$318/ton, down by US$2 from a week ago; the price of No.
2 hard red winter wheat in the United States was US$369/ton, which was the same as a week ago; the price of No.
2 soft red winter wheat in the US was US$333/ton.
, Which is down $6 from a week ago
.

On the Euronext in Paris, France, March 2022 wheat futures, the most actively traded on Friday, closed at 278.
5 euros/ton, down 5 euros or 1.
8% from a week ago, while Chicago wheat futures fell 1.
3% over the same period
.

　　Since the Euronext milling wheat price hit a record high in November, it has recently fallen back and hit a 7-week low of 274.
25 euros on Wednesday, as market concerns about global wheat supply have subsided, and Omic Rong mutant strains are worrying
.

　　However, China's growing demand for French grains has helped wheat prices stop falling and rebound
.
Traders said on Friday that as French wheat prices fell, Chinese importers this week purchased about 10 ships or 600,000 tons of wheat and barley from France
.
There was a wave of purchasing boom in China two weeks ago, which reflects that China still needs to import food
.
Traders said that this week Chinese buyers may have bought four to six ships of French feed wheat for 2021 and four to five ships of 2022 feed barley
.

　　At the Port of Rouen, France’s number one wheat export port, the port operator Haropa said that in the week ending December 15th, the export volume of wheat from the port of Rouen reached 142,500 tons, almost twice the amount from a week ago and also since mid-October.
The highest weekly export volume
.
China is the number one destination, with 96,100 tons of wheat shipped to China that week
.
Since the start of the Japanese season on July 1, France has shipped approximately 600,000 tons of wheat to China
.

　　On December 16, the French Strategic Grain Company issued a monthly report, increasing the export volume of soft wheat from the 27 EU countries for the period of 2021/22 by 1.
1 million tons, because the fall in French wheat prices will help strengthen its competitiveness in the world market.

.
For the year from July 2021 to June 2022, the EU-27 soft wheat exports are expected to be 31.
5 million tons, higher than the 30.
4 million tons estimated last month
.

　　In terms of EU cereal production prospects, the EU crop monitoring agency MARS released a report this week that European winter crops are growing well, but warned of the risk of frost damage
.
The frost resistance of crops in central, eastern and southeastern Europe has been insufficient.
The growth of crops in the Black Sea region has been delayed due to late planting, and the risk of frost may be greater
.

　　The European Chamber of Grain Traders (COCERAL) predicts that soft wheat production in the EU and the United Kingdom may decrease in 2022, because the wheat yield in the Balkans will fall back to average after setting a record this year
.
COCERAL predicts that the soft wheat production of the 27 EU countries and the United Kingdom will be 139.
8 million tons in 2022, down from 143.
2 million tons in 2021
.

　　However, the European Commission has raised EU wheat production, raising the EU's common wheat production forecast for 2021/22 from 130.
4 million tons to 131.
6 million tons, which is also higher than the previous year's 119.
3 million tons
.

　　According to data from the European Commission, as of December 12, the export volume of wheat from the 27 EU countries reached 13.
11 million tons (12.
84 million tons last week) and the import volume was 1.
18 million tons ( 1.
12 million tons last week)
.
Algeria is the number one destination, importing 2.
13 million tons (1.
812 million tons last week), accounting for 16.
2% (last week 15.
6%); Egypt imported 1.
264 million tons (1.
201 million tons last week), accounting for 9.
6% (last week) 10.
3% per week)
.

　　Euronext's position data shows that as of December 10, investment funds and financial institutions held a net long position of 181,779 lots in the Euronext milling wheat futures and options market, down from 189,272 lots a week ago
.

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

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

French wheat prices imported from China

　　1216，，2021/2227110，
。2021720226，273150，3040
。

　　，MARS，，
。、，，
。

　　（COCERAL）2022，
。COCERAL2022271.
398，20211.
432
。

　　，2021/221.
3041.
316，1.
193
。

　　，1212，2021/22（76）271311（1284），118（112）
。，213.
0（181.
2），16.
2%（15.
6%）；126.
4（120.
1），9.
6%（10.
3%）
。

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

　　Note: 1 Euro is equal to 1.
12 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.