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EU milling wheat prices up – HGCA

- 17 October 2000
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Tuesday, 17 October, 2000

  • Milling wheat prices rose last week, with French prices rising Euro1.9 in Rouen and German prices rising Euro4.5 in Wurzburg. It is reported that milling wheat premiums fell sharply over the week in Denmark.

  • Algeria is rumoured to have purchased 100,000 tonnes of German soft wheat, which if realised, should support European wheat prices.

  • Malting barley in the EU saw renewed trading activity last week. The increase in demand resulted in prices rising slightly from the previous week, with the largest rise in Denmark.

  • ONIC has revised the French carryout stocks for wheat up to 6.9 million tonnes, barley down to 0.9m tonnes, and maize up to 2.7m tonnes.

  • Germany has revised its cereal harvest for 2000/01 to 45.2m tonnes, with the quantity of wheat increased by 370,000 tonnes.

    Germany has produced a better-quality wheat crop than last year, according to the state quality assessment centre, although Hagbergs are down. The demand for German wheat is currently high with Poland purchasing a further 100,000 tonnes.

    Prices in north Germany are firm, with the rest of the country reportedly stable.

  • Italian maize output in 2000/01 is forecast to rise by 4.1% to 13.2m tonnes, following beneficial weather pushing yields up.

    Maize prices across Europe were mixed last week, as the harvest draws to a close in various countries.

  • Euro1 = 58.84p at time of writing

    HGCA
    Taken from HGCA weekly MI Bulletin
    To contact the HGCA phone 020 7520 3972


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