18.
06.15
16:03

Strategy of grains: limited EU wheat exports for 2015/16

The French consulting firm lowers its forecast for EU wheat exports in the marketing year 2015/16 grains strategy again. In its monthly crop report, the EU export will be in 2015 / 16 to 27.5 million tons estimated that 1.1 million tons of less than a month ago.
The EU is not competitive to the providers of wheat from the Black Sea region. Only Bulgaria and Romania can keep up with Russia and the Ukraine; the two countries have only little exportable surplus. There's only a reduced buying interest from the countries of the Middle East in the coming Vermarktungssaison.
Strategy of grains not expected that the Russian export tax, which applies from July 1, will affect exports from there extremely. Should that happen yet, the exporters from the EU would benefit first. In this respect, the EU wheat exports depend heavily by Russia and the ruble exchange rate.
In the ending Vermarktungssaison could the EU due to its large amount of harvest and a weak euro exchange rate record amounts of wheat export. In 2014/15 strategy of grains estimates the wheat exports from the EU to 32.8 million tons, 600,000 tons more than in May. This is to emphasize that the high exports of feed wheat, encouragingly strong from the export balance dropped.

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