Grains And Oilseeds News in Brief

This year's domestic wheat production will also be enough to satisfy the country's consumption and it will remain for export.

In 2017 areas under wheat cultivation in the UK will decrease by 2.5% to 1.64 million hectares. At the expense of wheat, the areas under spring barley increase - by 15% to 478,000 hectares. Rapeseed areas also decreased by 3.8% to 522,000 hectares, and the total areas under oil crops by 10.9%.

Jordan canceled a tender for the purchase of 100,000 tonnes of durum wheat. There were suggestions from three suppliers at the auction. A new auction was announced.

In the week, the Australian wheat, AWP, for October-November shipment dropped by 10 USD / mt to 237.5 USD / mt. The reason for the decline is the improved natural conditions for ripening of the new wheat crop and the weakening of the national currency. In mid-July the price of this wheat was ta record high - 263 USD / mt, FOB.

According to data from market operators, Tunisia purchased 100,000 tonnes of milling wheat at initially planned 92,000 tonnes. The purchase price is 190.99 - 193.74 USD / mt, C & F and for September - October shipment.

Yesterday at the auction in Egypt there were the following deals for the purchase of wheat:

-60,000 tonnes of Russian wheat at price of FOB 193.80 USD / mt + FRT 13.60 USD / mt, a total of 207.40 USD / mt, C & F.

-55,000 tonnes of Russian wheat at price of FOB 192,20 USD / mt + FRT 16,05 USD / mt, a total of 208,25 USD / mt, C & F.

-60,000 tonnes of Russian wheat at price of FOB 193.80 USD / mt + FRT 15.55 USD / mt, a total of 209.35 USD / mt, C & F.

-60,000 tonnes of Russian wheat at price of FOB 193.80 USD / mt + FRT 16.43 USD / mt, a total of 210.23 USD / mt, C & F.

The average transaction price is 208.99 USD / mt, C & F, and from the previous auction 219.11 USD / mt, C & F.

Grains And Oilseeds News in Brief

Iran's customs authories kept the import duty on wheat for 2017-18, that started on March 21, 20187.