The supply of wheat in the world's major wheat exporting countries is tightening
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Last Update: 2002-08-14
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Source: Internet
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Author: User
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Introduction: analysts say that the sharp decline in wheat production of the four major wheat exporters in the world has led to a decline in their shipping volume of about 10 million tons, which is almost 10% of the global wheat trading volume According to the US Department of agriculture, the increase in wheat supply in the EU and non-traditional wheat exporting countries will ease the global wheat supply tension The four major exporting countries (the United States, Australia, Canada and Argentina) are the main sources of global supply of high-quality wheat The decrease in the amount of wheat they can export has led to a sharp rise in global wheat prices For example, the FOB price of durum wheat in the Gulf of Mexico has increased by $30 / ton in 60 days, increasing the price gap with low-quality wheat from the European Union and other non-traditional wheat exporting countries At the same time, the amount of wheat available for export from CIS, India and Turkey has remained at a high level, which is expected to be 10 million tons higher than the net export volume two years ago And as production will reach a record high, the EU will leap from a traditional net wheat importer to a net wheat exporter Wheat from the EU and other non-traditional exporters is usually of low quality (author:) share to feed Weibo share to:
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