July 14, 2006

EU grants 236,000 tonnes free-market wheat at EUR1.99/tonne

The European Union grain management committee Thursday granted 236,000 tonnes of subsidised wheat from the free-market in its weekly tender Thursday (Jul 13), EU figures show.

The wheat was granted with a maximum refund of EUR1.99/tonne.

Traders had issued a total of 43 bids for a combined total 935,000 tonnes of export licenses for refunds between EUR1.00/tonne and EUR6.00/tonne.

The only bid received to export free-market barley was rejected.

The 2006/07 EU marketing year began at the start of July.