France to up wheat exports
The continuing war has caused Ukraine’s wheat exports to slump by 50% to 7.3 million mt and there is little hope that things will improve while Russia continues to attack the country. Russia has, by contrast, exported 20.2 million mt of wheat this season so far, which is 1.5 million mt up on last year. EU wheat imports have also surged to 3.5 million mt in 2022/2023, as opposed to 1.3 million mt recorded last year. In addition, EU exports climbed to 15.4 million as of 11 December, which is up on the 14.5 million mt shipped last year.