Tuesday, 26 September, 2000
1 = 60.28p at time of writing
4th Annual Crops Marketing Conference, 04 October, 2000
- The European grain market was flat last week as the EU continued its recent trend of issuing very few export licenses at the MANCOM meeting on 14 September. It is reported that French wheat is too expensive to be competitive on the world market at a zero refund.
- French feed wheat was again the main source of activity last week. Continued demand meant prices rose over the week, with demand coming from both northern and southern EU members. Last week saw interest coming from Spain, Portugal, and Italy, as the Pounds continual appreciation against the Euro makes French wheat more competitive.
- The German cereal market was quiet last week as autumn fieldwork and maize harvest took precedence over trade. Cereal ex-farm prices are firm nationally, although regional wheat prices depend on quality. Delivered bread wheat prices are also firm, while feed grain prices are weak. Germany exported 9 million tonnes in 1999/00, which is some 2.25m tonnes above the previous season. Imports
were up 4% to 2.8m tonnes.
- Denmark saw interest in its malting barley last week as the impending referendum with respect to the Euro approaches. Germany and Belgium were cited as the main destination for their exports.
Taken from HGCA weekly MI Bulletin
To contact the HGCA phone 020 7520 3972
Click here to visit the Home-Grown Cereals Authority