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The Euronext exchange said on Thursday it would introduce new quality terms to its milling wheat futures with effect from the September 2017 contract.
These new criteria would include a minimum protein content of 11 per cent and Hagberg falling numbers of minimum 220 seconds. Specific weight requirement would be brought to minimum 76 kilos per hectolitre, it said in a statement.
"Together these new measures will bring enduring transparency, stability and robustness to Euronext's milling wheat contract as an undisputable price reference point for the European grain industry," it said.
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