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Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 10-04
October 2004
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Greater grain supply in the Black Sea region is boosting exports and creating stronger competition in key world import markets. For wheat, exports are expected to more than triple from last year’s very low level. Russian exports, for instance, have surged in recent months and sales have been made to new Asian markets such as Pakistan and Indonesia. As Barley production reaches a near record, exports are also forecast to surge by almost 2 million tons (50 percent), much of which will go to Middle Eastern and North African markets. This cheap barley has made the EU uncompetitive so far, perhaps contributing to the Commission’s recent reinstatement of export subsidies. Those subsidized exports will likely displace Australia and Canada, whereas Black Sea barley still has a comparative freight advantage into the Middle East. Corn exports will also see a boost, primarily from Serbia and Romania, where the largest crop in 7 years will lead to its highest exports in 2 decades. Ukraine is also expected to have a strong export campaign again this year. |
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Complete Grain
Report in PDF: Text and Tables
All Grain Summary Tables: Foreign
Countries and US Data
World Markets and Trade: Commentary
and Current Data
Wheat Commentary [Text] [Adobe Acrobat Format] Wheat Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Rice Commentary [Text] [Adobe Acrobat Format] Rice Data Tables [Excel Spreadsheet Format] [Adobe Acrobat Format] Coarse Grains Commentary [Text] [Adobe Acrobat Format] Coarse Grains Data Tables Excel Spreadsheet Format] [Adobe Acrobat Format]
Beginning January 2004, printed versions of the Grain: World Markets and Trade circular are no longer published. The online issue of the circular, which includes Summary Tables, Situation and Outlook reports, and Historical Data Series for Selected Regions and Countries, is available via the FAS Web site (http://www.fas.usda.gov/grain/).
Contact List
Data in this report is available in both Adobe Acrobat and Excel spreadsheet formats. You may need to Get the Adobe Acrobat Reader.
Last modified: Thursday, November 13, 2003
