Russia’s Sovecon agricultural consultancy has reduced its 2024 wheat crop forecast to 80.7 million metric tons, down from the previous estimate of 82.1 million metric tons, due to severe frosts. Earlier in March, the forecast was 94 million metric tons. The harsh spring frosts have significantly affected wheat yield expectations, prompting a more cautious outlook for the year’s production.
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Europe is anticipating a smaller wheat harvest this summer, with rain causing disruptions in France, Germany, and Britain. However, improved conditions in other areas may mitigate overall crop losses in this crucial exporting region.
7/06/2024
- News
- Logistics
Algeria’s OAIC purchased 840,000 metric tons of milling wheat in an international tender, with prices between $279 and $279.50 per metric ton C&F. The wheat, expected from the Black Sea region, includes Ukraine, Romania, Bulgaria, and possibly Russia. This acquisition…
5/06/2024
- News
- Prices
Tunisia purchased approximately 50,000 metric tons of soft wheat and 75,000 metric tons of barley in an international tender on Friday. The wheat was bought at prices ranging from $267.64 to $267.77 per metric ton C&F from Bulgarian trading house Buildcom, and the barley at $219.49 per metric ton C&F from trading house Amber.
7/06/2024
- News
- Logistics
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