On 2.05.2017 the government of China carried out an auction for sale of 2,703 mln. tonnes of wheat from the state reserve. 419 526 tonnes of wheat were sold at price of 363.51 USD/mt.
In the new season the wheat crops in Canada will go down to the average level for the last years,and the export will increase.This information is from the latest forecast of FAS USDA.
In the new season (July-June), UAE will increase the consumption of grain by 6%, which will increase the import according to the latest forecast of FAS USDA.
For the week ended on 27.04.2017 from EU for third countries are exported 322 000 tonnes of soft wheat including 135 000 tonnes French wheat.Since the beginning of the season 20.29 mln.tonnes of soft wheat were exported including 3.84 mln.tonnes French wheat,which is 18% less than the previous season.
From the beginning of the wheat purchase campaign in Egypt - April 2017, GASC has purchased 110,000 tonnes of crops from farmers, compared to 129,000 tonnes a year earlier. The plan is for purchases of 3.8 mln. tonnes.
