Grains and oilseeds: Australia secures EU supplies

March 3, 2023 at 12:20 PM, Der AUDITOR
Play report as audio

BRUSSELS. While production prospects could hardly be better in Brazil for corn and soybeans, the opposite is the case in Argentina. The EU is certainly importing more wheat and rapeseed, which is mainly driven by Ukraine. Yet the uncertainties over the negotiations for an extension of the Black Sea grain deal still overshadow the market. Australia has also gained market shares in the EU.

Traders disagree with SovEcon over wheat

Quotations for wheat have declined by 6-10% due to revised production estimates for the United States, negotiations over an extension of the Black Sea grain initiative and Russia exporting large volumes. Although the Black Sea research firm SovEcon reckons that Russia only exported 3,4 million mt of wheat in February, which is 300,000 mt less than the firm’s initial estimate, due to bad weather conditions that delayed loading, traders disagree. They argue that Russia won most bids in Turkey’s recent tender over 79

View related articles

Go to the News Overview
Mar 23, 2023
NEW DELHI. Attractive prices have prompted many farmers to sow more sesame seeds in India this year. This is, however, not the only reasen why the market is under pressure.
Mar 23, 2023
CHRUDIM. Although Easter is only two weeks away, the demand for blue poppy seeds is still very low in the Czech Republic. Prices have declined a bit and sowing is underway.
Mar 22, 2023
SOFIA/KYIV. Farmers in Bulgaria are protesting against the high volumes of sunflower seeds imported from Ukraine, which are said to exceed 1 million mt. These imports have certainly put the market under pressure.
Mar 21, 2023
DALIAN. Suppliers in China are having a hard time finding buyers for pumpkin seeds. Issue is that most exporters are well stocked. Prices have, however, remained high as supplies are limited.