Price: €11.00
Member Price: €0.00

Grains and oilseeds: EU reduces imports

October 13, 2023 at 11:14 AM , Der AUDITOR
Play report as audio

BRUSSELS. Grain markets reacted nervously to the Israel-Hamas war. Wheat quotations have, however, changed direction. The EU has sharply cut its corn imports and Australia is keen to fill the gap for rapeseed. Soybean exports have exceeded expectations in the USA and Brazil.

Israel-Hamas war drives wheat quotations

Grains markets initially reacted highly nervously to the events in the Middle East, especially since concerns over new sanctions against Iran, a financial supporter of Hamas, were being voiced. Drought-related risks in the southern hemisphere also supported the market. Wheat quotations, however, turned direction again in the middle of the week after Israel retook control in occupied areas and the FAO lifted its global wheat production estimates for 2023/2024 by 3.7 million mt to 785 million mt, global end-of-season stocks hav

View related articles

Go to the News Overview
Grains
Jun 13, 2025
BRUSSELS. With Israel and Iran on the brink of a full-blown war the market is holding its breath. The negotiations between the US and China are causing tensions for corn and soybeans. The recently imposed EU quota for Ukrainian wheat is shifting dynamics. Drought and fires spell trouble for Canada’s canola.
Grains
Jun 12, 2025
LIMA/SUCRE. Contrary to expectations, the result of the Peruvian crop was sobering. This is also driving up prices in Bolivia. On the Indian market, however, prices have fallen in recent weeks.
Oilseeds
Jun 12, 2025
NEW DELHI/BRUSSELS. New crop estimates for sesame seeds have emerged in Gujarat, India. Harvesting is well underway in Mozambique and Tanzania. India is gaining traction in the EU.
Oilseeds
Jun 12, 2025
OTTAWA. With mustard seed production not even half as large as last year, experts predict prices to rise in the new season. For the time being, however, prices in the Canadian market are stable.