HGCA: German intervention barley tendered
Tuesday, 23 January, 2001
THE EU agreed to open a tender to sell 0.25m tonnes of German intervention barley, in a move mirroring its recent intervention wheat sales.
On third-country markets, rising EU barley prices in dollars, currently at US$123/t compared with $112/t mid-November, are reported to be encouraging traditional
Domestic barley prices are little changed, meaning the recent strength of the Euro has pushed dollar prices up.
North African buyers to look to non-EU origins.
POLAND may allow 0.5m tonnes of cereal imports in the first quarter of 2001 to cool high domestic prices, and a further 0.25m tonnes of wheat to top up reserves.
Following a fall of 13% in cereal production, the government imported close to 1m tonnes of duty-free grain in 2000.
MATIF old-crop wheat futures slipped around 
0.50 last week, with January falling to 117/t.
Meanwhile, ONIC announced that it was looking to provide dollar quotes for French wheat prices in future to help simplify French wheat pricing for foreign buyers.
MANCOM granted 343,000 tonnes of wheat at a maximum refund of 7.50/t while continuing zero refund awards for barley. Standing wheat flour refunds were adjusted and import duties revised on 16 January.
1 = 63.90p or 92.90US¢ on 22 January
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Taken from HGCA weekly MI Bulletin To contact the HGCA phone 020 7520 3972 Click here to visit the Home-Grown Cereals Authority |
