Greece: Durum wheat exports approach 290 Euros FOB

Published 2024년 9월 27일

Tridge summary

Durum wheat prices in the Italian market are experiencing a significant increase, reaching up to 320 euros per ton for high-quality varieties. This surge has led to the closure of some operations. In France and Canada, prices are also on a rising trend, with France's December '24 prices at 223 euros per ton. However, it's anticipated that this upward trend might face challenges due to the non-competitiveness of European harvests. Meanwhile, on the Chicago Stock Exchange, soft wheat prices have seen a slight uptick, driven by concerns over weather in key producing countries and the interest of speculative capital in grains.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

It seems that there is a tendency to reach even 290 euros per ton for the good qualities. At these levels, some small "boats" destined for the Italian market were closed. The local large mills proceed with the receipts and some small purchases, without any stress of availability. In durum wheat, after several weeks the Foggia price list showed at least a slight rise in prices. Specifically, for quality wheat with a specific weight of 79.5-80 kg/hl, vitreous 80% and protein 12-12.5%, the merchant warehouse price is negotiated at 315-320 euros per ton. For the second quality with a specific weight of 78 kg/hl, vitreous 65% and protein 11-11.5%, the merchant warehouse price ranges from 305-310 euros per ton. In France, prices maintained the rise of the previous week at 305 euros per ton, and in Canada the mild upward trend is maintained. In the Chicago Stock Exchange, soft wheat prices are strengthened compared to the previous week, it's just that the range for several weeks is ...
Source: GRAgronews

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