World: The strong dollar brings durum to a new rise with 321 euros FOB in Turkey

Agricultural commodities in general may not be expected to see their best days with Donald Trump at the helm of the US, but durum wheat is not particularly affected by the developments. The Canadian commodity trades in Canadian dollars, with the euro-equivalent rate holding steady in the 0.65 to 0.67 range for some time, in contrast to the Turkish kerat which is paid in dollars per US tonne, with the currency strengthening to exogenously add value to the product. As an indication, a few weeks ago the exports of durum wheat based on the daily report of the Turkish Grain Authority were estimated at 295 dollars per amer. Ton, or else at 300 euros the metric ton. Now, the prices are nominally 20 euros per ton above. For the time being, the market is well supplied with crude and remains priced at the levels of recent weeks, as the Italian market is strongly fueled by deliveries of the abundant Canadian crude at the lower levels agreed in August and early September. For Greek exports, ...