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
Feb 26, 2024
NEW DELHI/ATLANTA. In India, prices continue to fall and demand for peanut oil and seeds is extremely low. In the USA, the outlook is much better, while there have been harvest delays in Nicaragua.
Feb 23, 2024
BRUSSELS. Exporters in Ukraine fear that the Red Sea crisis will render wheat shipments to Indonesia more expensive. Opinions are divided over Argentina’s corn crop. China can afford to wait for soy, but frost may considerably damage the country’s rapeseed crop.
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.