Foggia sees 330 euros in the hands of producers, almost 50% of the Greek hard

Published 2024년 10월 15일

Tridge summary

The article provides an overview of the durum wheat market in Greece and neighboring countries, highlighting the current status of the production, pricing, and trade dynamics. Approximately 70% of the total production (around 900,000 tons) remains unsold, indicating a slow pace of trade and a buildup of inventory. The slow disposal of stock is attributed to ample supply and a hesitant market, with the exception of a few trading houses fixating on lower prices. As of now, only 20% of the production has been sold and exported.

The article also notes that export prices in Greece are trending upwards towards 300 euros per ton FOB, a situation that favors producers and is likely to defer the peak pricing to a later date. In Italy and France, prices for quality wheat are around 320-325 euros and 305 euros per ton, respectively. The Union of Orestiada in Greece announces its payment rates for various grains and seeds, including durum wheat at 26 cents and soft wheat at 18 cents per kilo. The article also hints at similar trends being expected for winter sowing, with some farmers still owing for last year's sowing.

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

Original content

On the other hand, the best prices for the producer will be late, as according to the report, the free trade has collected enough product with 23 to 25 minutes of threshing, which it has not disposed of, resulting in the rising wave that it knows the market has not yet spread to everyone as it should. Specifically, of the approximately 900,000 tons of production, approximately 180,000 to 200,000 tons have been sold and exported from Greek ports, around 220,000-250,000 tons have been closed but not exported and around 450,000 tons remain unsold in warehouses. Practically, this means that the trade is not in a hurry to collect product, with the exception of one or two trading houses that switched off 23 cents as an option and fixed it at 24-25 cents per kilo. On the contrary, the rise in the export price towards 300 euros per ton FOB favors the profitable "unloading" of this year's closed durums, shifting the best prices to the producer for some time later before the release of ...

Source: GRAgronews