EU Wheat Prices Rise After Another Black Sea Attack, Algerian tender
Euronext wheat prices rose on Tuesday, tracking a rebound in Chicago futures as another attack on ships in the Black Sea kept attention on disruption to export trade.An international tender being held by Algeria also underpinned the market, with expectations that the major importer could book a significant volume.Benchmark December milling wheat on the Paris-based Euronext exchange was up 1.4% at €246.75 ($276.11) a metric ton by 1521 GMT after touching its highest in almost a week at €247.50.Chicago wheat also rose, with an easing dollar supporting a rebound from Friday's seven-week low.
Italian Looks to Receive LNG from Algeria, Strengthen Energy Cooperation
Italy hopes to receive more gas from Algeria after agreeing to strengthen energy cooperation with the north African nation, Italian Prime Minister Giorgia Meloni said on a visit to Algiers.Meloni met President Abdelmadjid Tebboune as Rome faces prolonged disruptions in liquefied natural gas (LNG) supplies from Qatar, which previously covered around 10% of Italy's annual gas consumption."We have decided to strengthen our cooperation — which involves our champions Eni and Sonatrach — also working on new fronts such as shale gas and offshore exploration.
