French silo operator Senalia said on Thursday it was halting reception of wheat deliveries until further notice due to a weak export outlook and a high level of its silos' fill rate, reports Reuters.
"Senalia will announce promptly when wheat reception operations resume at their usual rhythm," it said in a statement.
Senalia is the main silo operator of the port of Rouen in northern France, Europe's grain export hub, and one of the delivery silos for Euronext's milling wheat futures.
France harvested a large wheat crop this season but the poor quality of the grains lead to a drop in demand, notably from international clients.
Euronext said Senalia's decision would not impact the functioning of its futures market.
Read more HERE.
"Senalia will announce promptly when wheat reception operations resume at their usual rhythm," it said in a statement.
Senalia is the main silo operator of the port of Rouen in northern France, Europe's grain export hub, and one of the delivery silos for Euronext's milling wheat futures.
France harvested a large wheat crop this season but the poor quality of the grains lead to a drop in demand, notably from international clients.
Euronext said Senalia's decision would not impact the functioning of its futures market.
Read more HERE.
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