Growth for European wheat exports

In brief: • According to the EU, exports have increased by almost 1.8 million tons in a week • Russian wheat continues to be the most advantageous for Egypt International exchanges and markets continue their upward trend, leveraging the weakness of the euro and speculations about potential purchases of U.S. wheat by China. In Europe, and especially in France, the main challenge in the coming months remains the development of export activities, given the significant volumes that still need to be realized in the market, and the potential for increased competition with the new harvest from the Southern Hemisphere, combined with stronger export activity from Russia. Evidence of such a development in the situation is the recent tender held by Egypt. It is claimed that the Egyptian state buyer recently purchased Russian wheat, with deliveries in November-December at a more competitive price. According to market sources familiar with the parameters of the deal, Russian wheat (11.5% ...