EU Wheat Exports Start Strongly
European Union wheat is being scooped up at the start of the 2022/23 crop season as importers profit from a pullback in prices from records and seek alternatives to Ukrainian supplies disrupted by war, traders and analysts said.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2022/06/pexels-alejandro-barron-96769-scaled.jpg)
EU Wheat Exports Start Strongly As War Hangs Over Season
A rare purchase of German wheat last week by Egypt’s state grains buyer, which ramped up direct purchases outside international tenders, underscored how EU wheat is being tapped in the Middle East and Africa to cover the early part of the new season that started this month.
“The EU looks like having to take a big share of the burden of replacing Ukrainian wheat this summer,” a trader said.
There has been market talk of an unusually large volume of over 1 million tonnes of German new-crop wheat already sold in advance, including to Iran and buyers around Africa.
In France, the typically quiet export month of July is set to be much busier as harvesting starts early and core markets like Algeria and Morocco have fewer options in the Black Sea region.
The EU’s executive projects record EU soft wheat exports of 38 million tonnes in 2022/23.
European Supermarket Magazine
Related news
Agrometeorology: the rainy early summer period associated with the Medárd day started weeks earlier
This year, the rainy early summer period associated with Medárd’s…
Read more >Bread may become even more expensive
The Hungarian government’s plans to expand the manufacturing industry are…
Read more >The EU has extended by one year the rules on the import of Ukrainian and Moldovan products into the EU without customs duties and quantitative restrictions
The Council of the European Union has extended for another…
Read more >Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >