Old-crop Euro wheat futures strong: HGCA

  • MATIF old-crop wheat futures were Euro0.25-0.75/t higher on the week, taking March to Euro118.50/t.

    New-crop MATIF futures were unchanged to Euro0.50 lower. The March intervention price is Euro115.25/t.

    Prices of most Continental grains are above intervention.

  • Export licence policy unchanged

    AROUND 290,000 tonnes of free-market export licences were awarded last week, at a maximum refund of Euro9/t. This prices French wheat competitively against US-origin.

    Barley licences continue to be issued at zero value.

  • Intervention stock down

    TOTAL EU stocks, including offers, are now 1.4m tonnes of wheat, 1.6m tonnes of barley and 3.7m tonnes of rye.

  • Euro1 = 63.23p or 92.79US¢ on 06 March

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

    Click here to visit the Home-Grown Cereals Authority

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