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    Home > Food News > Food Articles > European wheat market: French wheat exports slow, quotations down

    European wheat market: French wheat exports slow, quotations down

    • Last Update: 2022-02-17
    • Source: Internet
    • Author: User
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    Foreign media, January 23: French wheat spot prices fell in the third week of 2022 as the pace of wheat exports slowed, although Euronext and Chicago wheat futures prices rose
    .
     
    On Thursday (January 20), the delivery price of first-class French wheat at the French port of Rouen was $319/ton, down $2 from a week earlier
    .
    The price range over the past 52 weeks has been $240 to $353 a tonne
    .

     
    On Thursday, the price of second-class wheat in Shanghe, Argentina was 301 yuan/ton, up 1 dollar from a week ago; the price of No.
    2 hard red winter wheat in the United States was 375 dollars/ton, up 6 dollars from a week ago; the price of No.
    2 soft red winter wheat in the United States was 340 US dollars / ton, up 10 US dollars from a week ago
    .
     
    On the Euronext in Paris, France, the most actively traded March 2022 wheat futures closed at 272.
    5 euros/ton on Friday, up 9 euros or 3.
    42% from a week ago, while Chicago wheat futures rose 5.
    19% over the same period
    .
     
    Over the past week, the market has focused on the Algerian wheat tender
    .
    Algeria's national grain agency OAIC bought between 500,000 and 570,000 tonnes of milling wheat through a tender on January 14, mainly from South America and the Black Sea region, without traditional supplier France
    .
    This is largely because of diplomatic tensions between the two countries, which has prompted OAIC to avoid French wheat in recent tenders
    .
    According to French port operator Haropa, the port of Rouen exported just 47,400 tonnes of milling wheat in the week to January 17, 2022, of which 45,000 tonnes were shipped to Morocco
    .
     
      According to data released by the European Commission, as of January 16, France exported 2.
    546 million tons of wheat to Algeria in 2021/22, accounting for 16.
    6% of the total
    .
    In comparison, 3.
    071 million tonnes of wheat were exported to Algeria in the same period in 2020/21, with a share of 21.
    1%
    .

     
      Strategic Grains last week lowered its forecast for EU soft wheat exports for 2021/22, as Argentine and Black Sea wheat compete fiercely with European wheat for African markets and, in particular, with French wheat for Algeria's share
    .
    The outlook for EU soft wheat exports in 2021/22 was lowered to 31.
    2 million tonnes, down 300,000 tonnes from the December forecast of 31.
    5 million tonnes
    .

     
      The European Union's Chamber of Grain Traders (COCERAL) expects soft wheat production in the European Union and the United Kingdom to be lower in 2022, as the Balkans' wheat yields fall back to average levels after this year's record
    .
    COCERAL forecasts EU-27 and UK soft wheat production at 139.
    8 million tonnes in 2022, down from 143.
    2 million tonnes in 2021
    .

     
      But the European Commission has raised EU wheat production, raising its forecast for EU common wheat production in 2021/22 to 131.
    6 million tonnes from an earlier forecast of 130.
    4 million tonnes, also higher than the previous year's 119.
    3 million tonnes
    .
     
      EU-27 wheat exports in 2021/22 (July to June) reached 15.
    32 million tonnes as of January 16, while imports were 1.
    48 million tonnes, according to European Commission data
    .
    Algeria was the number one destination, importing 2.
    55 million tons with a share of 16.
    6%; Egypt imported 1.
    39 million tons with a share of 9.
    1%
    .
    China was the third destination, importing 1.
    23 million tons with a share of 8.
    0%
    .
     
      Investment funds and financial institutions held a net long position of 115,853 contracts in the Euronext milling wheat futures and options market as of January 14, 2022, down from 142,122 contracts a week earlier, according to Euronext holdings data
    .
     
      The euro was trading at $1.
    13 on Friday, compared with $1.
    14 a week ago
    .
     
      Note: 1 Euro is equal to 1.
    13 USD

    French wheat prices for exports
     
      On Thursday (January 20), the delivery price of first-class French wheat at the French port of Rouen was $319/ton, down $2 from a week earlier
    .
    The price range over the past 52 weeks has been $240 to $353 a tonne
    .

     
      On Thursday, the price of second-class wheat in Shanghe, Argentina was 301 yuan/ton, up 1 dollar from a week ago; the price of No.
    2 hard red winter wheat in the United States was 375 dollars/ton, up 6 dollars from a week ago; the price of No.
    2 soft red winter wheat in the United States was 340 US dollars / ton, up 10 US dollars from a week ago
    .
     
      On the Euronext in Paris, France, the most actively traded March 2022 wheat futures closed at 272.
    5 euros/ton on Friday, up 9 euros or 3.
    42% from a week ago, while Chicago wheat futures rose 5.
    19% over the same period
    .
     
      Over the past week, the market has focused on the Algerian wheat tender
    .
    Algeria's national grain agency OAIC bought between 500,000 and 570,000 tonnes of milling wheat through a tender on January 14, mainly from South America and the Black Sea region, without traditional supplier France
    .
    This is largely because of diplomatic tensions between the two countries, which has prompted OAIC to avoid French wheat in recent tenders
    .
    According to French port operator Haropa, the port of Rouen exported just 47,400 tonnes of milling wheat in the week to January 17, 2022, of which 45,000 tonnes were shipped to Morocco
    .
     
      According to data released by the European Commission, as of January 16, France exported 2.
    546 million tons of wheat to Algeria in 2021/22, accounting for 16.
    6% of the total
    .
    In comparison, 3.
    071 million tonnes of wheat were exported to Algeria in the same period in 2020/21, with a share of 21.
    1%
    .

     
      Strategic Grains last week lowered its forecast for EU soft wheat exports for 2021/22, as Argentine and Black Sea wheat compete fiercely with European wheat for African markets and, in particular, with French wheat for Algeria's share
    .
    The outlook for EU soft wheat exports in 2021/22 was lowered to 31.
    2 million tonnes, down 300,000 tonnes from the December forecast of 31.
    5 million tonnes
    .

     
      The European Union's Chamber of Grain Traders (COCERAL) expects soft wheat production in the European Union and the United Kingdom to be lower in 2022, as the Balkans' wheat yields fall back to average levels after this year's record
    .
    COCERAL forecasts EU-27 and UK soft wheat production at 139.
    8 million tonnes in 2022, down from 143.
    2 million tonnes in 2021
    .

     
      But the European Commission has raised EU wheat production, raising its forecast for EU common wheat production in 2021/22 to 131.
    6 million tonnes from an earlier forecast of 130.
    4 million tonnes, also higher than the previous year's 119.
    3 million tonnes
    .
     
      EU-27 wheat exports in 2021/22 (July to June) reached 15.
    32 million tonnes as of January 16, while imports were 1.
    48 million tonnes, according to European Commission data
    .
    Algeria was the number one destination, importing 2.
    55 million tons with a share of 16.
    6%; Egypt imported 1.
    39 million tons with a share of 9.
    1%
    .
    China was the third destination, importing 1.
    23 million tons with a share of 8.
    0%
    .
     
      Investment funds and financial institutions held a net long position of 115,853 contracts in the Euronext milling wheat futures and options market as of January 14, 2022, down from 142,122 contracts a week earlier, according to Euronext holdings data
    .
     
      The euro was trading at $1.
    13 on Friday, compared with $1.
    14 a week ago
    .
     
      Note: 1 Euro is equal to 1.
    13 USD
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