ANL 23.10 Decreased By ▼ -0.70 (-2.94%)
ASC 16.10 Decreased By ▼ -0.30 (-1.83%)
ASL 22.25 Decreased By ▼ -0.40 (-1.77%)
BOP 8.55 Increased By ▲ 0.17 (2.03%)
BYCO 8.96 Increased By ▲ 0.15 (1.7%)
FCCL 18.07 Decreased By ▼ -0.40 (-2.17%)
FFBL 24.45 Decreased By ▼ -0.15 (-0.61%)
FFL 17.90 Decreased By ▼ -0.15 (-0.83%)
FNEL 8.40 Decreased By ▼ -0.14 (-1.64%)
GGGL 22.09 Decreased By ▼ -0.21 (-0.94%)
GGL 43.18 Decreased By ▼ -0.77 (-1.75%)
HUMNL 7.02 Decreased By ▼ -0.15 (-2.09%)
JSCL 20.85 Decreased By ▼ -0.73 (-3.38%)
KAPCO 37.90 Decreased By ▼ -0.20 (-0.52%)
KEL 3.61 Increased By ▲ 0.01 (0.28%)
MDTL 3.00 Decreased By ▼ -0.07 (-2.28%)
MLCF 36.30 Decreased By ▼ -0.18 (-0.49%)
NETSOL 153.30 Decreased By ▼ -4.45 (-2.82%)
PACE 5.98 Decreased By ▼ -0.03 (-0.5%)
PAEL 31.20 Decreased By ▼ -0.45 (-1.42%)
PIBTL 9.36 Decreased By ▼ -0.11 (-1.16%)
POWER 7.90 Decreased By ▼ -0.14 (-1.74%)
PRL 20.85 Decreased By ▼ -0.13 (-0.62%)
PTC 10.40 Increased By ▲ 0.02 (0.19%)
SILK 1.67 Decreased By ▼ -0.02 (-1.18%)
SNGP 43.19 Decreased By ▼ -0.56 (-1.28%)
TELE 22.06 Decreased By ▼ -0.64 (-2.82%)
TRG 173.50 Decreased By ▼ -2.41 (-1.37%)
UNITY 36.20 Decreased By ▼ -0.77 (-2.08%)
WTL 3.25 Decreased By ▼ -0.08 (-2.4%)
BR100 4,979 Decreased By ▼ -47.44 (-0.94%)
BR30 24,460 Decreased By ▼ -312.8 (-1.26%)
KSE100 46,636 Decreased By ▼ -284.38 (-0.61%)
KSE30 18,480 Decreased By ▼ -177.85 (-0.95%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
27,135
6324hr
Pakistan Cases
1,221,261
2,51224hr
4.4% positivity
Sindh
449,349
Punjab
420,615
Balochistan
32,722
Islamabad
103,923
KPK
170,738

HAMBURG: European wheat rose on Monday, supported by fresh gains for US grain futures and continuing demand from wheat importers.

March milling wheat, the most active contract on the Paris-based Euronext exchange, was up 1.50 euros, or 0.7%, at 210.25 euros ($248.60) a tonne at 1708 GMT.

Wheat futures in Paris and Chicago again drew support from a continuing rally in US soybeans and corn linked to brisk exports and crop concerns in South America.

Physical grain premiums in France held firm as Chinese demand continued to absorb a large part of a reduced French surplus this year.

"It remains a tough market for buyers," a French trader said. "We're clearly going to have high premiums for the season."

Weekly data showed European Union and British soft wheat exports so far in 2020/21 were down 20% versus a year ago at 9.19 million tonnes.

Favourable conditions in November have helped EU farmers complete cereal sowings.

In Germany, premiums in Hamburg were again firm with continued hopes for new export sales.

Standard bread wheat with 12% protein for December delivery in Hamburg was offered for sale at about 4.5 euros over Paris March against 4 euros over on Friday.

"The export outlook remains positive although it is disappointing to see Black Sea prices falling again," one German trader said.

"But international demand remains strong, with Pakistan buying 340,000 tonnes of wheat in a tender today and Tunisia also tendering for wheat."

Traders earlier reported a shipment of 65,000 tonnes of wheat to be loaded in Germany for Pakistan in November.

With uncertainty about a Brexit trade deal continuing, regular shipments of German wheat continue to Britain. Two ships each with about 3,000 tonnes of wheat have sailed from Germany for Britain in the past days, traders said.-Reuters

Comments

Comments are closed.