PARIS (Reuters) - European Union soft wheat exports in 2021/22 will be lower than expected due to strong competition from Argentina and Black Sea countries, consultancy Strategie Grains said on Thursday. Competition for European wheat occurs in exports to African countries, especially for wheat […]
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PARIS (Reuters) - European Union soft wheat exports in 2021/22 will be lower than expected due to strong competition from Argentina and Black Sea countries, consultancy Strategie Grains said on Thursday. Competition for European wheat occurs in exports to African countries, especially for French wheat in Algeria. In a monthly grain report, the consultancy lowered its outlook for EU soft wheat exports to 31.2 million tonnes from 31.5 million tonnes in December. It also slightly reduced its barley export outlook, with lower demand from Saudi Arabia, while corn exports would suffer from lower Bulgarian and Romanian sales due to dwindling supply and increasing competition from Ukrainian corn. For the upcoming 2022/23 season, Strategie Grains raised its EU wheat crop estimate to 127.7 million tonnes, up from the 127.6 million forecast last month, leaving the barley ...
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