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Sybille de La Hamaide

Tereos says EU activity almost back to normal after COVID-19 hit

Jul 31 2020

(This July 30 story corrects to show Tereos hedged its sugar sales in Brazil, not ethanol)

CORRECTED-UPDATE 1-Tereos says EU activity almost back to normal after COVID-19 hit

Jul 31 2020

PARIS, July 30 Sugar sales in Europe have been gradually returning to levels anticipated before the COVID-19 outbreak, French sugar group Tereos said on Thursday, while higher prices limited the impact of the lockdown on the group's activities in the first quarter.

CORRECTED-Tereos says EU activity almost back to normal after COVID-19 hit

Jul 31 2020

PARIS, July 30 Sugar sales in Europe have been gradually returning to levels anticipated before the COVID-19 outbreak, French sugar group Tereos said on Thursday, while higher prices limited the impact of the lockdown on the group's activities in the first quarter.

Hail, high water and lockdown: Europe's fruit growers prepare for tough harvest

Jul 31 2020

PARIS/LONDON Europe's been eating more fruit under lockdown, by all accounts. The problem is, it could struggle to find people to pick it.

GRAINS-Soybeans rise for fifth session on strong demand, corn eases

Jul 20 2020

* Chinese demand helps lift soybean prices * Concern about energy demands weighs on corn (Updates prices, adds quotes, changes dateline) By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, July 20 Chicago soybean futures rose for a fifth consecutive session on Monday to their highest since July 10 on strong demand, although expectations of crop-friendly weather and ample world supplies capped gains. Corn lost ground as weakness in oil prices raised demand concerns for the grain-based fuel ethanol. "In soybeans, the dynamics of vegoil prices and of course the large volumes of business concluded last week are pushing prices higher," French consultancy Agritel said, citing support from the prospect of new Chinese purchases and a weaker dollar against most currencies. Phin Ziebell, agribusiness economist at National Australia Bank in Melbourne said: "For corn, there is pressure due to oil demand destruction." The most-active soybean contract on the Chicago Board Of Trade was up 0.5% at $8.99.1/2 a bushel by 1115 GMT, after climbing to its highest since July 10 to $8.99 a bushel earlier in the session. Corn fell 1% to $3.35-1/2 a bushel and wheat slipped 0.6% to $5.31-1/2 a bushel. The U.S. Department of Agriculture on Friday confirmed sales of 126,000 tonnes of U.S. soybeans to unknown destinations, bringing the total for U.S. soy sales announced last week to 1.5 million tonnes, including about 1 million tonnes to China. National Oilseed Processors Association reported last week that soyoil stocks among its U.S. members fell more than expected to 1.778 billion pounds (806 million kgs) last month from 1.880 billion pounds (853 million kgs) at the end of May. Brazil's 2020/2021 soybean production is expected to reach 131.7 million tonnes, a 5.4% increase over the prior crop year, consultancy Safras & Mercado said on Friday, in its first prediction for the new crop year. Oil prices dipped on Monday, weighed down by the prospect that a rise in the pace of coronavirus infections could derail a recovery in fuel demand. Prices at 1115 GMT Last Change Pct End Ytd Move 2019 Pct Move CBOT wheat 531.50 -3.25 -0.61 558.75 -4.88 CBOT corn 336.50 -3.25 -0.96 387.75 -13.22 CBOT soy 899.50 4.50 0.50 955.50 -5.86 Paris wheat December 185.62 -0.63 -0.34 188.25 -1.40 Paris maize Jun 174.00 -0.50 -0.29 168.50 3.26 Paris rape Aug 383.75 -0.25 -0.07 387.25 -0.90 WTI crude oil 40.25 -0.34 -0.84 61.06 -34.08 Euro/dlr 1.15 0.00 0.27 1.1210 2.20 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Naveen Thukral; Editing by Vinay Dwivedi and Edmund Blair)

France to make masks compulsory in enclosed public places

Jul 14 2020

PARIS France will make it compulsory for people to wear masks in shops and other enclosed public spaces from next month to stop a resurgence of the COVID-19 outbreak, President Emmanuel Macron said on Tuesday.

Luxury food industry turns sour amid global coronavirus lockdowns

Jun 12 2020

SINGAPORE/TOKYO/PARIS Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic. | Video

Luxury food industry turns sour amid global coronavirus lockdowns

Jun 12 2020

SINGAPORE/TOKYO/PARIS Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic. | Video

RPT-Luxury food industry turns sour amid global coronavirus lockdowns

Jun 12 2020

SINGAPORE/TOKYO/PARIS, June 12 Global demand for premium foods like wagyu beef, bluefin tuna and caviar has plunged with thousands of restaurants shuttered and many economies sliding into recession amid the coronavirus pandemic.

GRAINS-Soybeans gain on China demand, corn edges lower

Jun 10 2020

* Chinese purchases underpin Chicago soybean futures * Improved U.S. rating lifts expectations for bumper crop * Wheat pressured by higher Australian crop forecast (Updates prices, adds details throughout) By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, June 10 Chicago soybeans rose on Wednesday, supported by solid demand from the world's biggest importer China, while corn ticked lower on good crop conditions. Wheat turned higher after falling for three consecutive sessions, but remained capped by expectations of higher Australian output and ample world supplies. "China is key to soybean prices for now as they are buying U.S. beans," said Ole Houe, director of advisory services at agriculture brokerage IKON Commodities in Sydney. The most-active soybean contract on the Chicago Board Of Trade (CBOT) was 0.35% higher at $8.66-1/4 a bushel by 1030 GMT. Corn slipped 0.3% to $3.26-1/2 a bushel, while wheat gained 0.7% to $5.08-1/4 a bushel. China's state-owned trader Sinograin bought at least 120,000 tonnes of U.S. soybeans for shipment in December from U.S. Pacific Northwest ports, two U.S. traders familiar with the deals said. The U.S. Department of Agriculture's (USDA) weekly crop conditions report, issued after the market close on Monday, rated 75% of the U.S. corn crop as "good to excellent", up from 74% last week and aligned with average analyst estimates in a Reuters poll. For soybeans, the USDA rated 72% of the crop as "good to excellent", up from 70% last week, and 82% of U.S. spring wheat as "good to excellent", above analyst expectations of 80%. Wheat was supported by good international demand, with Egypt back in the market to buy an unspecified amount from global suppliers for shipment from July 12-22. This is the second time Egypt's General Authority for Supply Commodities (GASC) has tendered for wheat in less than two weeks. On June 2 it bought 120,000 tonnes of Ukrainian wheat for July 10-25 shipment. In Europe, farm office FranceAgriMer increased its forecast for French soft wheat exports outside the European Union this season to 13.45 million tonnes from the 13.3 million estimated last month. CBOT wheat prices had fallen in overnight trade after Australia raised its estimate for wheat production in the 2020/21 season by more than 25% on Wednesday after recent heavy rains broke a three-year drought that has ravaged the country's east coast. The Australian Bureau of Agricultural and Resource Economics and Sciences said wheat production for the year ending June 30, 2021 will total 26.7 million tonnes, up from its March estimate of 21.3 million tonnes. Commodity funds were net sellers of CBOT corn, wheat and soymeal futures contracts on Tuesday, and net buyers of soyoil futures, traders said. Prices at 1030 GMT Last Change Pct End Ytd Move 2019 Pct Move CBOT wheat 508.25 3.75 0.74 558.75 -9.04 CBOT corn 326.50 -1.00 -0.31 387.75 -15.80 CBOT soy 866.25 3.00 0.35 955.50 -9.34 Paris wheat December 187.25 0.75 0.40 188.25 -0.53 Paris maize Jun 169.00 -0.25 -0.15 168.50 0.30 Paris rape Aug 377.00 -1.75 -0.46 387.25 -2.65 WTI crude oil 37.92 -1.02 -2.62 61.06 -37.90 Euro/dlr 1.14 0.00 0.11 1.1210 1.28 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Naveen Thukral; Editing by Rashmi Aich and Alexander Smith)

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