Grains and oilseeds: key players’ showdown

February 3, 2023 at 10:21 AM , Der AUDITOR
Play report as audio

BRUSSELS. EU wheat imports have nearly tripled to 4,968 million mt. Exports are also 7.7% up at 18.8 million mt. The war in Ukraine, however, continues to overshadow the entire grain market. China is also a key figure for corn. Developments in South America are crucial for soy and the showdown between Indonesia and the EU is impacting rapeseed.

Fear over decline in wheat exports

While increasing tensions in the war in Ukraine coupled with delayed Russian inspections in the Black Sea initially drove up the market at the start of the week, the situation changed as new figures emerged from Russia. According to SovEcon Russian producers still hold 22.1 million mt of wheat, which is 42% up on the five-year moving average. Australia’s crop is also adding pressure.

Developments in Ukraine are, however, fostering uncertainty. Trouble is that prices will certainly rise, if exports decline. Although th

View related articles

Go to the News Overview
Jul 22, 2024
NEW DELHI/AUSTIN. Although US growing regions in the Southwest have faced some heavy rains, growers in parts of Texas continue to face drought and water shortages. In India, prices could soon receive support.
Jul 18, 2024
CHRUDIM. Czech poppy farmers have sown a good 10,000 ha more this year than in the last two years. This raises hopes of a good crop, even though there are still concerns that the hot and dry temperatures could have a negative impact.
Jul 18, 2024
NEW DELHI. Indian sesame seed traders are struggling with high competitive pressure. Meanwhile, the sesame seed tender expected at the beginning of July has been delayed by a few weeks.
Jul 18, 2024
OTTAWA/BRUSSELS. Good crop prospects in Canada are putting pressure on mustard seed prices. Buyers are still holding back on enquiries.