Grains and oilseeds: EU called to buy in Ukraine

December 15, 2023 at 11:27 AM , Der AUDITOR
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BRUSSELS. China and Egypt have bought large volumes of wheat. In addition, China has announced a record corn crop and soybean exports are set to drop in Brazil. The EU may profit from Ukraine’s attractively priced rapeseed.

Wheat purchases pale

Algeria’s and Tunisia’s recent buying activities appear pale in comparison to the volumes bought by China and Egypt last week. Tunisia, in fact, bought 100,000 mt of soft wheat and 75,000 mt of durum wheat, whereas Beijing signed a contract over 1.1 million mt in the US for delivery in 2023/2024. China has purchased 1.9 million mt of US wheat since the start of the season. Analysts also expect the country to buy in France again soon as prices are up in Russia. SovEcon states that weekly exports have nearly tripled to 3.4 million mt i

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