France could export 300,000 tons of wheat and feed to Morocco this month, reports Reuters. On Monday, Euronext Wheat increased to get out of a six -month hollow that was supported by the chicago crimes and a decline in the euro, which makes exports more competitive.
At 224.74 euros ($ 243.52) per metric ton, the wheat experienced 1.3%on Monday at 4.41 p.m. This increase is good news for French wheat that are faced with stocks and low demand.
“The concerns relate to the drought, which meets certain parts of the grain areas in southern Russia and the American levels.”said a German dealer. “We speak of around 300,000 tons of wheat and French feed that will be exported to Morocco in March. However, the question is whether it will be sufficient to significantly reduce French shares.”he noticed.
