
Algeria has excluded French offers in its past three milling wheat import tenders, amid a diplomatic row with France. Algeria typically buys around 6 million tonnes a year and has accounted for 40-50% of French non-EU wheat exports.
French wheat stocks at season end were forecast at a 17-year high.
Losing a major buyer leaves France with large unsold stocks, which pressures EU wheat export prices and encourages rival suppliers to compete for Algerian business. The effect is bearish for wheat export values.
Setelah 375 peristiwa perdagangan bearish sebelumnya, Gandum (SRW) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,0% sampai +1,1%), dan -0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.