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Tuesday, 29 August 2017

Rejecting Romanian wheat cargo could “hurt trade” -UKrAgroConsult

The public prosecutor will determine the fate of the 63k tonnes of Romanian wheat found to contain poppy seeds after the Eid Al Adha holiday, judicial sources tell Reuters. The seeds “are banned from being traded or planted in Egypt,” but the potential rejection of the shipment — which sources say was transported by trader Cerealcom Dolj — “could hurt trade” with Egypt, according to UKRAgroConsult. “A final rejection could revive concerns over which government body is responsible for inspecting cargoes into Egypt,” the piece says. An analyst at Rabobank says the impact on tender offers and prices should be limited nonetheless and poppy seeds will affect all exporters, it is a case that “could slightly dent trader confidence, but certainly not to the extent of the ergot specifications.”

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