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After a slump, wheat prices have recovered ground in the EU

After a slump, wheat prices have recovered ground in the EU
After a slump, wheat prices have recovered ground in the EU

Benchmark September milling wheat on Paris-based Euronext closed unofficially up 0.8% at 225.00 euros a metric tonne.

He wheat in Europe rose on Thursday, in a technical rebound after falling sharply the day before, but The volumes were scarce as US markets closed for the Independence Day holiday.

He wheat Benchmark September milling crude on Paris-based Euronext unofficially closed up 0.8% at €225.00 a metric tonne.

It is believed that Tunisia’s state cereals agency bought around 100,000 tons of soft wheat in a tender on Thursday at US$244.77 per tonne cost and freight (c&f) for 50,000 tonnes, US$247.94 per tonne c&f for 25,000 tonnes and US$248.50 per tonne c&f for another 25,000 tonnes.

The meteorological office of China warned that A prolonged heat wave is expected in July in the eastern, central and southern regions of the country could affect yields of rice, cotton and other crops as extreme weather continues to threaten their food production.

Global stocks hit new all-time highs after US data reduced the odds of a Federal Reserve interest rate cut in September, while UK voters went to the polls in national elections.

Source: Ambito

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