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Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
FG 06-05
June 2005
 
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EU wheat exportable supplies are expected to
reach a record in 2005/06, due to the combination of large carryin stocks
(private and government) and prospects for the second largest crop on
record. Feed use of wheat is also forecast higher because of smaller coarse
grain crops throughout Europe, and drought in Iberia. However, the huge
supply should still leave a large surplus for third-country exports and
pressure prices.
The weaker euro could also help make exports more competitive. EU exporters will likely benefit from larger demand in traditional North African markets, where crops are expected to be down substantially. Competition from Argentina in Mediterranean markets is expected to diminish, although this could be offset by strong competition again from the Black Sea region. EU exports are currently forecast to reach the highest level since 2002/03, but Commission policy on export subsidies and intervention sales will greatly influence the level of exports. |
Complete Grain
Report in PDF: Text and Tables
All Grain Summary Tables: Foreign
Countries and US Data
International Market Analysis:
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]
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
