CWB: 08/09 joint annual wheat sales forecast increase return, cut durum

Beijing Lin PETROFER message March 27: Canadian Wheat Board (CWB) the recent increase in the 2008/09 year (August to July the following year) the return of wheat sales forecast (PRO). The durum PRO has up and downs, increases to cut 2 million add add 3 per cent. . Feed barley PRO add 3 million lower, beer barley PRO unchanged.

CWB said that international wheat prices over the past month by the European and Black Sea region of strong pressure on wheat exports.

However, the pool is not associated decline in the number of sale of wheat, which at current prices, the impact of fluctuations of the PRO also weakened.

International Durum prices fell sharply over the past month. The high price of durum wheat to contain some of the demand. Mexico's new beginning伦麦listed麦杜supply, its production is much higher than previously expected, which this month posed a stress durum prices.

CWB said that the global malting barley prices over the past one month of going soft, supply a huge pressure to prices. For the time being, however, the majority of the joint venture pool barley beer had been sold, the market prices of the impact of PRO also weakened.

Global feed barley prices have recently dropped. Barley, feed wheat and a large supply of corn, coupled with weak demand for aquaculture industry, which has to feed prices caused by the stress. Argentina corn supply uncertainties exist in support of the diet market.

(Li Lei for reference only)