Brussels accepts cereal export bids

Friday, 9 January, 1998

By FWi staff

CEREAL exports totalling almost 500,000 tonnes were approved at yesterdays EU Cereals Management Committee meeting.

Brussels granted licences for 290,500 t of open-market wheat exports to third countries at a maximum refund of Ecu16.97/ t.

A bid to export an additional 44,000 t of wheat to Africa was authorised at a rate of Ecu28.93/ t. Also approved were 20,000 t of free-market oats exported at a refund rate of Ecu28.93/ t.

Germany bid successfully to export 44,015 t of rye. The volume is believed to account for the majority of German rye in intervention, according to the London-based Home Grown Cereals Authority.

Bids to export open market barley and Austrian intervention maize were rejected.

The French cereals office plans to add more than one million tonnes to its forecast of end-of-year cereal stocks. Officials blame export cuts and strong maize supplies according to reports from UK grain traders, BDR Agriculture.

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