Corn import licences outstripped those for wheat imports
Paris wheat fell from yesterday's 11-month high on consolidation/profit-taking, whilst old crop London wheat continues to firm on tight availability.
Customs data showed that UK wheat imports fell to only 82 TMT in February, down 68% versus 12 months previously, and the smallest monthly volume since June 2012.
That takes UK wheat imports for the season so far to 1.55 MMT versus 1.87 MMT this time a year ago.
The data also shows that February UK corn imports were 172.5 TMT, taking the 2013/14 marketing year to date import total to 1.61 MMT, up 45% versus 1.11 MMT at the same point in 2012/13.
The German Farmers Co-operative raised their forecast for the 2014 wheat crop there by 100 TMT from last month to 24.74 MMT, although that's still a 1% fall on last year's production.
They trimmed slightly their 2014 rapeseed production forecast from 5.57 MMT to 5.54 MMT, a 3.9% decline versus 2013.
"Plants are in an overall good condition," they said, noting that recent rain has alleviated some winter dryness concerns.
EU wheat exports are finally showing signs of slowing down a little. Brussels granted 412 TMT worth of soft wheat export licences this past week, down from 585 TMT a week previously and 596 TMT the week prior to that. Corn import licences meanwhile outstripped those for wheat imports at 497 TMT this past week, up from 347 TMT a week previously and versus 391 TMT for the previous week.
Total EU soft wheat exports for the marketing year to date now stand at a record 24.3 MMT, up 49% versus a year ago. Corn imports are at 11.3 MMT, a 23% rise on last season.
Jordan bought 100 TMT of optional origin feed barley in a tender for Jun/Jul shipment.
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...
As the country settles down following the turmoil of the general election, ...
New research from the Universities of Bristol and Cambridge has found that ...
A new publication to help farmers prevent sheep lameness and offer advice o...
The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...
The UK is now third in the global rankings for utility-scale solar energy a...
A recent Rural Watch demonstration and information event gave Farmers’ Unio...
Retailers should confirm their commitments to sourcing UK lamb this season,...
A leading retailer has apologised after selling imported lamb in a Borders ...