EU rejects bids to export free-market wheat

08 Sep, 2006

The European Union rejected all bids for licences to export free-market wheat with refunds at its weekly tender on Thursday, trade sources said, citing figures from French arable crops office ONIGC. Traders had placed bids for refunds ranging from 0.01 to 7.77 euros a tonne, they said.
There were no bids to export free-market barley. The EU also sold 46,079 tonnes of intervention wheat for export, all from Hungary, at a minimum of 120.85 euros a tonne. It also sold 104,658 tonnes of intervention barley from Finland and Lithuania for export, traders said.

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