Soft and hard wheat prices in Tunisian auctions, EU production forecast

Published 2024년 1월 23일

Tridge summary

Tunisia's state grain agency has bought 150,000 tonnes of soft wheat from Cargill and 50,000 tonnes of durum wheat from Casillo. Meanwhile, the European Cereal Traders Confederation has released its first forecast for 2024 EU grain production, predicting a total production of 125.8 million tonnes of common wheat and 7.4 million tonnes of durum wheat. However, these predictions are subject to risks such as unstable weather conditions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Tunisia's state grain agency (ODC) last week bought 150,000 tonnes of soft wheat and 50,000 tonnes of durum wheat with an international tender. Soft wheat was bought from trading house Cargill at $268.44 (€246.88) a tonne c&f for six 25,000 tonne loads. Delivery will take place between January 25th and March 20th. Durum wheat was bought by trading house Casillo at $444.89 (€409.21) and $446.49 (€410.64) a tonne c&f for two shipments of 25,000 tonnes. Delivery will take place between February 10th and March 10th. Meanwhile the European Cereal Traders Confederation (COCERAL) recently published its first forecast for this year's EU grain production. As he points out, rainfall in December 2023 looks set to have a positive impact on the grain crop in France and northern Europe. Also Spain in 2024 is expected to have a significant increase in its production. On the contrary, production in Germany and Italy is expected to fluctuate at the same levels as last year. As far as Greece is ...

Source: Agrotypos