- Location
- Stoneleigh
Strategic reserves of wheat in Egypt are built by the General Authority of Supply Commodities (GASC) who issue tenders when supplies are required.
With Russia set to impose a tax starting next week to last for the rest of this marketing year, Russian export prices will face competition from nearby exporters such as the EU for this trade.
In the latest GASC tender French wheat was $293.75/t (FOB), while Russian was higher at $295.80/t (FOB).
With the UK currently trading at import parity, extra demand from the MENA region for European supplies could maintain support for continental prices or temper pressure. This will filter into our domestic market.
https://ahdb.org.uk/news/egyptian-wheat-demand-is-paramount-for-markets-grain-market-daily
Join the 3.4K people who subscribe to our Grain Market Daily publication here - https://ahdb.org.uk/keeping-in-touch
With Russia set to impose a tax starting next week to last for the rest of this marketing year, Russian export prices will face competition from nearby exporters such as the EU for this trade.
In the latest GASC tender French wheat was $293.75/t (FOB), while Russian was higher at $295.80/t (FOB).
With the UK currently trading at import parity, extra demand from the MENA region for European supplies could maintain support for continental prices or temper pressure. This will filter into our domestic market.
https://ahdb.org.uk/news/egyptian-wheat-demand-is-paramount-for-markets-grain-market-daily
Join the 3.4K people who subscribe to our Grain Market Daily publication here - https://ahdb.org.uk/keeping-in-touch
