ANL 33.90 Decreased By ▼ -0.35 (-1.02%)
ASC 13.60 Increased By ▲ 0.25 (1.87%)
ASL 23.34 Increased By ▲ 0.74 (3.27%)
AVN 85.31 Increased By ▲ 1.61 (1.92%)
BOP 7.69 Decreased By ▼ -0.01 (-0.13%)
BYCO 9.40 Increased By ▲ 0.03 (0.32%)
DGKC 110.98 Increased By ▲ 0.78 (0.71%)
EPCL 49.60 Decreased By ▼ -1.29 (-2.53%)
FCCL 22.70 Decreased By ▼ -0.06 (-0.26%)
FFBL 25.52 Decreased By ▼ -0.18 (-0.7%)
FFL 15.28 Decreased By ▼ -0.02 (-0.13%)
HASCOL 8.96 Decreased By ▼ -0.04 (-0.44%)
HUBC 78.30 Decreased By ▼ -0.70 (-0.89%)
HUMNL 6.13 Increased By ▲ 0.29 (4.97%)
JSCL 19.50 Increased By ▲ 0.80 (4.28%)
KAPCO 40.50 Increased By ▲ 1.11 (2.82%)
KEL 3.67 Decreased By ▼ -0.01 (-0.27%)
LOTCHEM 14.22 Decreased By ▼ -0.13 (-0.91%)
MLCF 42.60 Increased By ▲ 0.30 (0.71%)
PAEL 30.95 Decreased By ▼ -0.12 (-0.39%)
PIBTL 9.59 Increased By ▲ 0.14 (1.48%)
POWER 8.56 Increased By ▲ 0.12 (1.42%)
PPL 82.87 Decreased By ▼ -0.43 (-0.52%)
PRL 22.99 Increased By ▲ 0.22 (0.97%)
PTC 9.00 Decreased By ▼ -0.20 (-2.17%)
SILK 1.35 Decreased By ▼ -0.05 (-3.57%)
SNGP 38.70 Increased By ▲ 0.11 (0.29%)
TRG 163.55 Increased By ▲ 0.33 (0.2%)
UNITY 35.19 Increased By ▲ 0.26 (0.74%)
WTL 1.55 Increased By ▲ 0.10 (6.9%)
BR100 4,827 Increased By ▲ 27.33 (0.57%)
BR30 24,722 Increased By ▲ 28.99 (0.12%)
KSE100 45,108 Increased By ▲ 164.68 (0.37%)
KSE30 18,442 Increased By ▲ 59.2 (0.32%)

Coronavirus
VERY HIGH
Pakistan Deaths
18,537
10824hr
Pakistan Cases
845,833
419824hr
Sindh
288,680
Punjab
312,522
Balochistan
22,900
Islamabad
77,065
KPK
121,728

PARIS: Euronext wheat was little changed on Friday, consolidating after a volatile week in futures, while physical markets stayed firm as an Algerian tender purchase added to strong international demand. Front-month December milling wheat on Euronext settled 0.50 euro, or 0.2%, higher at 210.00 euros ($248.33) a tonne.

March futures, now the most active position on Euronext, settled up 0.25 euro at 209.75 euros, consolidating after a life-of-contract high at 212.75 euros on Wednesday. Chicago grain futures rallied this week after the US Department of Agriculture (USDA) reduced its forecasts for US and world supply of corn and soybeans, but US wheat later lost ground.

"Futures markets have lost a little steam, perhaps because there is quite a lot of Australian crop coming, but physical markets are struggling to do likewise," a French trader said. Algeria was thought to have bought about 600,000 tonnes of wheat in an import tender on Thursday, with European Union origins again expected to dominate, traders said.

French wheat was expected to be chosen for the bulk of the optional-origin purchase, with Germany and Poland also seen likely to claim some of the volume. Russian wheat was again seen as too expensive and still hampered by Algerian tender specifications, despite a recent move by Algeria to remove a longstanding barrier to Black Sea supplies.

In Germany, there were also hopes of further sales to Pakistan and Iran after recent shipments to those countries.

"There have been recent inquires in Germany about wheat needed for export to Iran," a German trader said. "I am hopeful we could see some new ship loadings in Germany for Iran soon."