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Strategie Grains lifts EU soft wheat export estimate again

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  • Country: France
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  • Listed: February 3, 2021 12:25 am
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“Morocco has not announced that it would extend the period during which it suspends import taxes. We expect it to come soon because crops are deteriorating but in the meantime we will keep a rather low number (for French exports),” Crastre said.

France has seen an acceleration in wheat loadings in recent months but Crastre said the sharp fall in the rouble in the past weeks would hurt its competitiveness against Russian wheat, notably on North African markets.

KIEV, March 16 (Reuters) – Ukrainian grain exports from sea ports fell to 832,000 tonnes in the week of March 7-13 from 1.548 million tonnes a week earlier, preliminary data from the APK-Inform consultancy showed on Monday.

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KIEV, March 2 (Reuters) – Ukrainian grain exports from sea ports decreased to 963,000 tonnes in the Feb. 22-28 week, from 1.22 million tonnes a week earlier, preliminary data from APK-Inform consultancy showed on Monday.

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In its monthly supply and demand report, Strategie Grains pegged soft wheat exports outside the EU including Britain in the 2019/20 season at 31.2 million tonnes, up 600,000 tonnes on the previous month.

“The revision is mainly due to higher sales than expected from Germany, mainly to Turkey, although this was partly compensated by a cut in French export estimates due a lower competitiveness to Egypt and Morocco,” Strategie Grains analyst Laurent Crastre said.

But grain exports jumped to about 42.1 million tonnes so far during the 2019/20 season that ends in July, from 30.4 million tonnes for the same period in 2018/19, the consultancy said. (Reporting by Pavel Polityuk; Editing by Himani Sarkar)

PARIS, March 12 (Reuters) – Consultancy Strategie Grains on Thursday raised its estimate for European Union soft wheat exports this season to take account of large sales from Germany, although French exports were revised lower as they lost competitiveness.

German soft wheat exports were seen at 4.2 million tonnes, up from 3.4 million tonnes expected in February, while French exports were put at 12.8 million tonnes, down from 13.3 million forecast last month.

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(Reporting

  

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