FranceAgriMer has raised its forecast for soft wheat exports from France to non-EU countries to 9.7 million tons this season, which is 0.8 million tons more than the previous estimate.
Over the past week, demand for wheat from the EU has grown significantly given the suspension of exports from Russia and Ukraine. The most active in sales are Romania, Bulgaria, Germany, Poland.
Turkey has received 19 proposals for the supply of wheat each for 25,000 tons at prices within C&F 439 - 517 USD/ton and delivery within March - April.
The EU has imposed sanctions restricting work with the Russian port of Novorossiysk. Sanctions have also been imposed on a number of other large companies in Russia.
According to an analysis by Strategie Grains, the production and export of sunseed oil from Ukraine has been suspended for at least 1 month due to military operations in the country. It is very likely that the conflict will have a particularly strong impact on the oil segment.
According to the forecast of SovEcon, world grain prices could reach 400 USD/ton given the situation in Ukraine. This will happen if the current grain stocks of both countries do not reach the international markets.
