Market update week 15
The recent drop in prices is causing buyers to reassess their positions in both domestic and international markets. In particular, Algeria has re-engaged with the market this week, issuing a tender for durum wheat with a shipment period from May to June. Additionally, France and Algeria reached an agreement to fully restore cooperation across all sectors following diplomatic talks on April 6. Barrot referred to the outcome as a return to normal relations, citing Tebboune’s statement that “the curtain is lifted” after months of diplomatic tension.
The recent drop in prices is causing buyers to reassess their positions in both domestic and international markets. In particular, Algeria has re-engaged with the market this week, issuing a tender for durum wheat with a shipment period from May to June. Additionally, France and Algeria reached an agreement to fully restore cooperation across all sectors following diplomatic talks on April 6. Barrot referred to the outcome as a return to normal relations, citing Tebboune’s statement that “the curtain is lifted” after months of diplomatic tension.
As for the 2025 harvest, the most recent data from FranceAgriMer indicates a modest improvement in the condition of winter soft wheat crops, with 76% of the planted areas now rated as “good to excellent.” Winter barley and durum wheat crops have also seen gains, each improving by one percentage point from the previous week, with ratings of 71% and 81% “good to excellent,” respectively.
As for the 2025 harvest, the most recent data from FranceAgriMer indicates a modest improvement in the condition of winter soft wheat crops, with 76% of the planted areas now rated as “good to excellent.” Winter barley and durum wheat crops have also seen gains, each improving by one percentage point from the previous week, with ratings of 71% and 81% “good to excellent,” respectively.
In a separate development, China will increase its tariffs on American goods from 34% to 84% as a response to the latest US tariffs. This was announced by the Chinese government on Wednesday, shortly after the implementation of Trump’s new tariffs, which raised the tariff on Chinese goods to 104%. Beijing confirmed that the new tariff would come into effect on Thursday.
In a separate development, China will increase its tariffs on American goods from 34% to 84% as a response to the latest US tariffs. This was announced by the Chinese government on Wednesday, shortly after the implementation of Trump’s new tariffs, which raised the tariff on Chinese goods to 104%. Beijing confirmed that the new tariff would come into effect on Thursday.