Developing Countries Will Lead Global Rice Import Growth in 2013-22, Says USDA Rice growers positive California MG prices are UP Russia MG Harvest coming to end Egypt open rice exports Vietnam’s rice export in tough competition with India Thai rice exports in May Rise Above Target This Year Viet-Nam Rice exports likely to fall this year
Australia Medium Grain Rice #1 $ N/A    Egypt 101 #2 $760    Egypt 178 #2 Rice $730    EU Prices Baldo €660    EU Prices LG-A Ariete 5% €550    EU Prices MG Lotto 5% €500    EU Prices RG Balilla 5% €500    Russia Rapan $ 700    USA Jupiter Paddy $375    USA Calrose #1 Paddy $480    USA Jupiter Rice $630    USA Calrose #1 $830   

 Main Page
 Home Page of This Title
 Medium Grain Rice Market
 Global Market News
 Grain News
 Pulses News
 Global Overview
 Importers Profile
 Exporters Profile
 What Is Rice
 History Of Rice
 Rice Harvest Seasons
 Rice Processing
 Rice Nutrition Facts
 Meals With Rice
 Restaurants
 INCO Terms
 Ports
 US Rice Standards
 EU Codex Standards
 Egyptian Specs
 Sponsor List
 All Links
 Rice
 Grain
 Agriculture
 Commodity Exchange
 Weather
 Other
 Info
 Editor
 Advertisement
 Technical
Search in news database
French wheat quiet as market awaits tax decision
PARIS ,French wheat prices were stable to slightly higher on Monday as buyers came back after Friday's pause, but trade was light ahead of an EU decision later this week on whether to put a tax on grain exports, traders said.
On the cash market, wheat delivered to Rouen between August and December was stable at around 126 euros a tonne but prices gained 0.50 euro a tonne by train to Italy and Fob Creil - traditionally for clients in northern Europe.
"The problem remains the same: find grain to supply low-covered consumers," a trader said, stressing that the volume of wheat sold by French co-operatives after only two months this season was already very high.
Euronext milling wheat futures were mixed by 1510 GMT with November up 0.25 euro at 129.25 euros per tonne and January up 0.75 euro at 130.75 euros per tonne but in very light volumes of 55 and 23 lots respectively.
March was down 0.25 euro at 131.25 euros per tonne in a volume of six lots.
"Speculation remains high on whether Brussels is going to put a tax on exports or not. We hope to have an answer this week," a trader said.
The EU grain management panel, which did not meet last week due to holidays, will resume meetings on Thursday.
But if uncertainty prevails about a tax, limiting volumes traded, traders stressed that they do not expect prices to stop rising if such a measure was approved.
"Tunisia bought French wheat at prices which included a 10-euro tax," a trader said. "Plus, we have a drop of some ten million tonnes in the French wheat and maize crops," he added.
Last week, Tunisia bought 175,000 tonnes of wheat, of which 125,000 tonnes was bought in France at between 173.87 and 185.57 euros per tonne C&F.
The feed wheat market was very quiet with prices stable at around 117 euros per tonne delivered in Rouen in August/September.
Maize was untraded both on the futures and cash markets.
"People want to see what Brussels is going to do and the uncertainty is blocking the market," a trader said.
WHEAT EXPORTS UP: French wheat exports were 1.6 million tonnes in June, taking total sales to EU and non-EU countries for the 2002/03 season to 15.7 million tonnes, up 41 percent on the previous campaign, customs data showed on Monday.
Within the annual July-June total, sales to other European Union countries slipped back four percent on the 2001/02 figure to 6.96 million tonnes. But exports outside the bloc more than doubled to 8.8 million tonnes against 3.4 million previously.
Egypt took the lion's share of the French wheat exports with 2.6 million tonnes - up 263 percent on 2002/02 - followed by Algeria with 1.9 million tonnes and Morocco with 0.8 million.
Barley exports totalled 496,000 tonnes in June, taking the season's total to five million, up 16 percent on 2001/02.
Within the total, three million tonnes were sold to other EU countries, down five percent on 2001/02, and two million tonnes exported outside the bloc, up 73 percent on the previous season.
French maize exports reached 638,000 tonnes in June, making the season total 7.8 million, down from 7.9 million. Spain was the top destination, taking 2.18 million tonnes.
MGR Archive 26.8.2003
Printer Friendly Version Of This Article
Send This Article To A Friend
User Name:
Password:
      Forgot your Password?
Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
Click for Details

Medium Grain Reports
Rice Market News
World Rice Markets and Trade
USDA Country Reports
Rice Market Monitor
Rice Outlook
Italian Paddy Supply
European Rice Weekly
EU Reports
Convert this amount:


Convert
  © 2002 All rights reserved. - Legal Notice