The senior wheat exports around the world, led by Russia, Ukraine and the European Union, started the new season slowly, after it caused bad weather and stored farmers for their crops to combat the available exports available. Russian charges are expected to decline during July, which is usually seen by a story in sales due to collaboration with the harvest season, by 30% compared to last year, according to the estimates of the agricultural consulting company “Ikar”. As for Ukraine, its export dropped to about a third of the rate registered in 2024, and the shipping of the European Union also decreased. This slowdown in flow contributed to the stability of wheat futures on the Paris Stock Exchange, while immediate prices in the Black Sea ports in Romania and Bulgaria rose by an average of 8% over the past month, and the French port of Rawan also saw an increase of 2% in immediate prices. Russia, Ukraine and the European Union are about half of the global wheat trade, which makes its exports a significant factor to target the markets. Weakness of the offer reinforces the prices worldwide, Mike Verdeen, consultant at CRM Agricommodities, said: “The fear is that the decline in the current wheat stock from the Black Sea region means a decline in competition in export markets, which gives prices extra support that could not be achieved in different circumstances.” He added: “Russia usually plays the role of the prize -determined party at such a time of year.” Also read: For the first time since 2021. Russia lowers the wheat export fee to zero to improve sales. Rain caused the crop delay in the Russian region of Rostov and northwest of Krasnodar, which limited the quantities of crops available in the ports. Analysts estimate that Russia’s export of wheat has dropped to approximately two million tonnes so far this year, after years of rapid shipping at the beginning of the season, which ended with export shares. The agricultural areas in Ukraine were also affected, causing the amounts of grain available for export among farmers. “They have exhausted their old stocks after a strong export season last year, and they now have a decrease in wheat production.” The restoration of Russian consignments in Romania, which is one of the largest wheat producers in the European Union, was the last rise in prices not sufficient to motivate farmers to sell, especially with the continued drop in wheat futures on the Paris stock exchange this year by 17%. This reality has created a state of stalemate in the market, where traders are watching the return of Russian supplies strongly, in the hope that it will contribute to the reduction of prices, according to Gabriel Razi, an analyst at Agraban Consulting in the Roman grain market. It seems that the return of strong Russian flow is only a matter of time. André Cisov, president of the consulting company “Sovecon”, said that “the season started at a weaker rate than usual, but we expect Russian wheat exports to accelerate in the coming months, which could increase the pressure on world prices,” said André Cisov, president of the consulting company “.
The most important wheat producers in the world delay the rate of export
