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    Home > Food News > Food Articles > European wheat market: wheat prices rise in French ports

    European wheat market: wheat prices rise in French ports

    • Last Update: 2021-09-28
    • Source: Internet
    • Author: User
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    Foreign media news on September 26: French wheat spot prices have risen in the past week , following the rise in the international market
    .
     
    On Thursday (September 23), the delivery price of first-class French wheat at the port of Rouen in France was US$307/ton, up US$2 from a week ago
    .
    The price range for the past 52 weeks is between US$228 and US$314 per ton
    .
     
    The price of second-class wheat in Shanghe, Argentina was US$298/ton, an increase of US$5 from a week ago; the price of No.
    2 hard red winter wheat in the United States was US$349/ton, an increase of US$11 from a week ago; the price of US No.
    2 soft red winter wheat was US$308 /Ton, up $6 from a week ago
    .
     
    On the Euronext exchange in Paris, France, December wheat futures, the most actively traded on Friday, closed at 253.
    25 euros/ton, up 5.
    5 euros or 2.
    22% from a week ago, while Chicago wheat futures rose 2.
    12% over the same period
    .
     
      The French wheat harvest this year has ended, and yield and quality have been impaired
    .
    According to media reports, Chinese buyers have cancelled some French wheat cargo procurement contracts because of quality concerns
    .
    Singaporean traders say that Chinese buyers are repurchasing Australian wheat in large numbers
    .
     
      The second wheat quality results released by FranceAgriMer, the crop office under the French Ministry of Agriculture, show that only 30% of soft wheat has a bulk density exceeding the minimum standard of 76 kg/hl (kg/hl) for milling wheat, compared with 98% of French wheat last year.
    The bulk density exceeds 76
    .
    Bulk density is a commonly used tender for measuring the quality of milled wheat and is used to determine how much flour can be extracted from a given volume of wheat
    .
    Traders in Europe and Asia said that Chinese importers will now accept a bulk density of 75, compared with the initial minimum standard of 77
    .
    Other wheat importing countries Algeria and Saudi Arabia have also relaxed their bulk density requirements to deal with the poor quality of wheat in France and other European countries after heavy rains
    .
     
      Traders have previously reported that China has purchased 1 million tons of 2021 French wheat, which means that France is expected to export large quantities of wheat to China for the third consecutive year
    .
    The relaxation of quality clauses will allow exporters to start shipping new French wheat crops to China
    .
    Since late August, two ships of 60,000 tons of wheat each have left France, and more cargoes are expected to be exported this month
    .
     
      The European Commission recently released its August monthly report, lowering the forecast for wheat production in the 27 EU countries in 2021/22 to 127.
    2 million tons, which is lower than the 127.
    7 million tons predicted last month
    .
    But it is still higher than the 117.
    2 million tons in the previous year
    .
     
      The European Commission maintains the EU's general wheat export forecast data for the 2021/22 season (July to June of the following year) unchanged, still at 30 million tons, compared with 27.
    3 million tons in 2020/21
    .
     
      In August 2021, French soft wheat exports to regions outside the EU increased to a three-year high, because after a slow start in July, French wheat exports to Algeria increased
    .
    In August, France's soft wheat exports to regions outside the EU were 834,600 tons, of which 335,900 tons were exported to Algeria
    .
    FranceAgriMer predicts that France’s soft wheat exports to regions outside the EU are expected to be 10.
    5 million tons in the 2021/22 season (July to June), an increase of 3 million tons year-on-year
    .
    In August, France's soft wheat exports to EU member states were 100,000 tons
    .
     
      In the port of Rouen, France's number one wheat export port, data from the port operator Haropa showed that the export volume of wheat from the port of Rouen was 170,572 tons in the week ending September 22, up from 63,404 tons a week ago
    .
    Among them, 61,081 tons were shipped to Algeria and 43,435 tons were shipped to China
    .
     
      According to data from the European Commission, as of September 19, wheat exports from the 27 EU countries reached 6.
    531 million tons (5.
    794 million tons a week ago) in the 2021/22 fiscal year (July to June of the following year) and imports were 505,000 tons ( 459,000 tons a week ago)
    .
    Algeria is the number one destination, importing 811,000 tons (805,000 tons last week), accounting for 12.
    4% (13.
    9% last week); South Korea imported 726,000 tons (702,000 tons last week), accounting for 11.
    1% (12.
    1% last week)
    .
     
      Euronext's position data shows that as of September 17, investment funds and financial institutions held a net long position of 145,175 lots in the Euronext milling wheat futures and options market, up from 137,178 lots a week ago
    .
     
      On Friday, the euro exchange rate was 1 euro to 1.
    17 U.
    S.
    dollars, and 1 euro to 1.
    17 U.
    S.
    dollars a week ago
    .
     
      Note: 1 Euro is equal to 1.
    17 U.
    S.
    dollars
    French wheat prices
     
      On Thursday (September 23), the delivery price of first-class French wheat at the port of Rouen in France was US$307/ton, up US$2 from a week ago
    .
    The price range for the past 52 weeks is between US$228 and US$314 per ton
    .
     
      The price of second-class wheat in Shanghe, Argentina was US$298/ton, an increase of US$5 from a week ago; the price of No.
    2 hard red winter wheat in the United States was US$349/ton, an increase of US$11 from a week ago; the price of US No.
    2 soft red winter wheat was US$308 /Ton, up $6 from a week ago
    .
     
      On the Euronext exchange in Paris, France, December wheat futures, the most actively traded on Friday, closed at 253.
    25 euros/ton, up 5.
    5 euros or 2.
    22% from a week ago, while Chicago wheat futures rose 2.
    12% over the same period
    .
     
      The French wheat harvest this year has ended, and yield and quality have been impaired
    .
    According to media reports, Chinese buyers have cancelled some French wheat cargo procurement contracts because of quality concerns
    .
    Singaporean traders say that Chinese buyers are repurchasing Australian wheat in large numbers
    .
     
      The second wheat quality results released by FranceAgriMer, the crop office under the French Ministry of Agriculture, show that only 30% of soft wheat has a bulk density exceeding the minimum standard of 76 kg/hl (kg/hl) for milling wheat, compared with 98% of French wheat last year.
    The bulk density exceeds 76
    .
    Bulk density is a commonly used tender for measuring the quality of milled wheat and is used to determine how much flour can be extracted from a given volume of wheat
    .
    Traders in Europe and Asia said that Chinese importers will now accept a bulk density of 75, compared with the initial minimum standard of 77
    .
    Other wheat importing countries Algeria and Saudi Arabia have also relaxed their bulk density requirements to deal with the poor quality of wheat in France and other European countries after heavy rains
    .
     
      Traders have previously reported that China has purchased 1 million tons of 2021 French wheat, which means that France is expected to export large quantities of wheat to China for the third consecutive year
    .
    The relaxation of quality clauses will allow exporters to start shipping new French wheat crops to China
    .
    Since late August, two ships of 60,000 tons of wheat each have left France, and more cargoes are expected to be exported this month
    .
     
      The European Commission recently released its August monthly report, lowering the forecast for wheat production in the 27 EU countries in 2021/22 to 127.
    2 million tons, which is lower than the 127.
    7 million tons predicted last month
    .
    But it is still higher than the 117.
    2 million tons in the previous year
    .
     
      The European Commission maintains the EU's general wheat export forecast data for the 2021/22 season (July to June of the following year) unchanged, still at 30 million tons, compared with 27.
    3 million tons in 2020/21
    .
     
      In August 2021, French soft wheat exports to regions outside the EU increased to a three-year high, because after a slow start in July, French wheat exports to Algeria increased
    .
    In August, France's soft wheat exports to regions outside the EU were 834,600 tons, of which 335,900 tons were exported to Algeria
    .
    FranceAgriMer predicts that France’s soft wheat exports to regions outside the EU are expected to be 10.
    5 million tons in the 2021/22 season (July to June), an increase of 3 million tons year-on-year
    .
    In August, France's soft wheat exports to EU member states were 100,000 tons
    .
     
      In the port of Rouen, France's number one wheat export port, data from the port operator Haropa showed that the export volume of wheat from the port of Rouen was 170,572 tons in the week ending September 22, up from 63,404 tons a week ago
    .
    Among them, 61,081 tons were shipped to Algeria and 43,435 tons were shipped to China
    .
     
      According to data from the European Commission, as of September 19, wheat exports from the 27 EU countries reached 6.
    531 million tons (5.
    794 million tons a week ago) in the 2021/22 fiscal year (July to June of the following year) and imports were 505,000 tons ( 459,000 tons a week ago)
    .
    Algeria is the number one destination, importing 811,000 tons (805,000 tons last week), accounting for 12.
    4% (13.
    9% last week); South Korea imported 726,000 tons (702,000 tons last week), accounting for 11.
    1% (12.
    1% last week)
    .
     
      Euronext's position data shows that as of September 17, investment funds and financial institutions held a net long position of 145,175 lots in the Euronext milling wheat futures and options market, up from 137,178 lots a week ago
    .
     
      On Friday, the euro exchange rate was 1 euro to 1.
    17 U.
    S.
    dollars, and 1 euro to 1.
    17 U.
    S.
    dollars a week ago
    .
     
      Note: 1 Euro is equal to 1.
    17 U.
    S.
    dollars
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