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“The international markets are rising again after the China trade shock on Wednesday and the meltdown some feared does not seem to be materialising so attention is turning back to domestic factors,” one German trader said.

“With German exports continuing at a modest level, local demand, especially for feed wheat, is again the demand driver.” Feed wheat prices in Germany’s South Oldenburg market were again over milling wheat, with April onwards delivery offered for sale unchanged at 176 euros a tonne with buyers seeking 175 euros.

Feed wheat for April onwards delivery had traded on Wednesday at 175 euros, traders said.

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The wheat was expected to be sourced mainly from France, but traders said it would make limited difference to a disappointing export campaign.

In Germany, cash market premiums in Hamburg drifted down.

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MARD’s Deputy Minister Ha Cong Tuan affirmed that the VFA should no longer be able to allocate rice quotas among domestic firms and the 2010 Decree 109 regulating the country’s rice exports must be amended to facilitate the change.

Export prices for high-protein wheat (12.5%) closed the week with a slight increase of $0.5-1/MT at $208-210/MT FOB Novorossiysk port and $178-182/MT FOB small ports, April-May delivery, reports Ukr Agro Consult.

The spread between old-crop and new-crop wheat prices in the deep-water ports equals /MT FOB against /MT FOB last year.In particular, Egypt held the season’s largest GASC tender last week, where it purchased 475 KMT of wheat, including 355 KMT of Russian commodity. May milling wheat, the most active contract on the Paris-based Euronext exchange, was up 1.00 euro, or 0.60 percent, at 167.25 euros (4.35) a tonne by 1542 GMT, after earlier reaching 167.50 euros, its highest since March 2. I think that it will end up being negotiated.” In France, a rolling rail strike was supporting spot prices as it was causing transport headaches.More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly market report Euronext wheat rose on Thursday, led by spot futures that posted a one-month high, as initial concerns about proposed Chinese tariffs on U. crops subsided and traders focused on disruption from a rail strike in France and the poor state of U. Chicago grain futures rose, with soybeans recovering after sliding as much as 5 percent on Wednesday when Beijing announced retaliatory levies on U. “The May contract on Euronext is going to remain well supported with the strikes in France. Global wheat stocks are so large that it would take a big crop problem in Russia during spring to change things,” the dealer said.Standard bread wheat with 12 percent protein content for April delivery was offered for sale down 0.5 euro at 4.5 euros over Paris May.Buyers were offering about 1 euro under selling prices against 2 euros under on Wednesday.The VEPR said that the association was hampering the development of its members via the use of monopolistic government-to-government contracts.

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