Tunisia canceled the competition due to high prices

The article discusses the situation of wheat prices, highlighting a potential oversupply as new crops enter the market. The prices have plateaued due to the anticipation of new supplies, along with Tunisian resistance to the price hike. The Foggia price list in Italy has remained stable for durum wheat for three weeks, and Tunisia's government has canceled a tender for the purchase of 75,000 tons of durum wheat due to the high offered prices. Furthermore, the grain market on the Chicago stock exchange has seen a stagnation, with a slight trend towards liquidation ahead of the presidential elections, which are causing speculators to delay trades and exit positions. In France, the market prices are stable, supported by a balanced supply and demand, despite some pressure from lack of competitiveness in international trade.

The rise in prices since mid-September seems to be "running out of fuel", as new quantities are expected to be available on the market from other crops, creating a sense of wheat oversupply among buyers. At the same time, it should be noted that the Tunisians also reject the higher price levels. In durum wheat, the Foggia price list was unchanged for a third week. Specifically, for quality wheat with a specific weight of 79.5-80 kg/hl, vitreous 80% and protein 12-12.5%, the merchant warehouse price is negotiated at 320-325 euros per ton. For the second quality with a specific weight of 78 kg/hl, vitreous 65% and protein 11-11.5%, the merchant warehouse price ranges from 310-315 euros per ton. Tunisia's last state tender for the purchase of 75,000 tons of durum wheat was finally canceled due to high prices offered. The range of low offers ranged at the levels of 354-358 dollars per ton delivered to their port. In the Chicago stock exchange, there is a stasis in grains, with a ...