Grain Highlights 20.07.2022

In July, non-EU wheat exports from France will reach 511,200 tons (227,000 in July 2021 and 461,000 in July 2020), which will be the highest level for this month of the year.

- Over the period of July 20-26, the export tax on Russian wheat will be 5,984.9 rubles/ton (5,558.9 a week earlier). The export tax on barley will be 4,413.7 rubles/ton (3,775.9) and the export tax on corn will be 3,3144.9 rubles/ton (3,075.1).

- The Ministry of Agriculture of Ukraine predicts a grain harvest in the country in 2022 of 52 million tons and of oil crops 13-15 million tons.

- In July, non-EU wheat exports from France will reach 511,200 tons (227,000 in July 2021 and 461,000 in July 2020), which will be the highest level for this month of the year. Exports to EU countries will be 118,300 tons. Total exports will reach 800,000 tons (775,000 in July 2021). The main buyer is Morocco with 324,000 tons. In 2022/23, according to FranceAgriMer's forecast, wheat exports from France to EU countries will reach 7 million tons and exports to non-EU countries are estimated at 10.3 million tons.

- The Ministry of Agriculture of Poland predicts a grain production in the country in 2022 of 32 million tons (-2.5 compared to 2021). Grain exports are projected to reach 2.5 million tons.

- According to data from Safras&Mercado, as of 15.07.2022, the second corn production in Brazil has been harvested on 40.9% of the areas or 14.73 million hectares.

- In June, 7.24 million tons of soybeans were delivered from Brazil to China (10.48 in June 2021). Soybean imports from the United States were 773,110 tons (54,800). Total soybean supplies to China in June were 8.25 million tons, and in the first half of 2022, they totaled 27.71 million tons from Brazil and 17.54 million tons from the United States.

- According to Oil World data from 07/15/2022, Indonesia is canceling the application of export taxes on the export of palm oil. The aim is to stimulate exports and reduce stocks in the country.

- On 25.07.2022, Pakistan will hold a tender for the purchase of 200,000 tons of milling wheat with delivery within September 1 - 16.