The French consulting firm strategy of grains lowers the export expectations of the EU from the harvest by 2015/16 clearly. Competitors from the Black Sea region form a strong competition for the top Exporteuer of the EU France. In its monthly report, strategy of grains estimates the export potential of the EU to 28.6 million tonnes. These are 2.6 million tons less than in the previous estimate.
Like other analysts expects strategy of grains so that Russia will reduce its export tax on wheat exports in mid-May, to zero. For France means that is a quantitative loss on turnover of 1.2 million tonnes per annum influence changed flows of goods to Egypt. In addition, France in Asia should be not so competitive as this year. There, the Black Sea are rather to the course.
The EU will come in this financial year, after a record harvest in 2014, on the record volume of 32.2 million tons of wheat exports. At the end of the coming season, the wheat stocks in the EU to 17.5 million tonnes, would be so to 1.6 million tons greater than in this year. Lower exports and higher estimated harvest, which can not compensate feed wheat consumption higher to 1.8 million tons of are caused by it.
