EU Wheat Exports Challenged by Russia’s Growing Dominance

11.04.2024 23:10 "Agro Perspectiva" (Kyiv) — European Union (EU) wheat exports for 2023/24 (Jul-Jun) are forecast down 2.0 million tons this month to 34.5 million as the region loses market share to Russia in Africa and the Middle East. Leading markets for EU wheat typically are North Africa, Sub-Saharan Africa, and the Middle East. In the first 7 months of the marketing year, shipments to North Africa are down 25 percent compared to the same period last year, while shipments to the Middle East are down over 60 percent. The EU is facing unprecedented competition from Russia wheat in these regions. Russia’s record wheat supplies continue to make its exports more competitive than the EU, with unabated shipments raising the Russia export forecast 1.0 million tons this month to a record 52.0 million tons. Saudi Arabia and Algeria are two of the top three traditional export destinations for the EU and examples of major EU markets where Russia has captured

significant market share.

Saudi Arabia has historically been a top market for EU wheat, with the European Union capturing nearly 95-percent market share in the 5 years leading up to 2019/20. While wheat import demand in Saudi Arabia has declined in 2023/24 as domestic production increased due to high domestic procurement prices, government buyer Global Food Security Authority’s (GFSA) import preferences have shifted from EU to Russian wheat. GFSA is the sole importer of wheat, making purchases through international tenders. Russian wheat supplies have become increasingly price competitive in these tenders, ousting the European Union as the top supplier.

Russian encroachment on EU market share in North Africa is also evident in the case of Algeria. Algeria’s government-run procurement agency Office Algérien Interprofessional des Céréales (OAIC) is the country’s sole wheat importer, and it has traditionally relied on EU supplies. Just 5 years ago, the

EU captured 85-percent market share in Algeria, but the government has since sought to diversify suppliers of bread wheat. In 2020, Algeria modified its wheat import restrictions, raising the rate of permitted insect-damaged grain, which allowed for imports of Black Sea origin. Russia wheat exports to Algeria have since expanded significantly.

With Algerian millers indicating satisfaction with Russian supplies, Russia and the European Union have battled for majority market share so far this year.

29.04.2024
	10:43	New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth
25.04.2024
	09:45	Parliament approves a revision of the EU’s common agricultural policy
23.04.2024
	16:23	MEPs approve trade support measures for Ukraine with protection for EU farmers
17.04.2024
	18:08	Ministry of Agrarian Policy and Food predicts this year’s harvest of grains and oilseeds at about 74 million tonnes
16.04.2024
	12:12	West Africa Cocoa Shortage Pushes Up Prices
11.04.2024
	23:48	U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24
	23:10	EU Wheat Exports Challenged by Russia’s Growing Dominance
	11:30	Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed
10.04.2024
	15:59	Commission starts setting up the Agriculture and Food Chain Observatory
	15:33	Commission approves ˆ2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy
	13:17	Donau Soja urges EU for clarity on EUDR implementation
09.04.2024
	10:44	Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion
06.04.2024
	10:04	World cereal output seen up in 2023/24
	09:55	FAO Food Price Index rises in March
05.04.2024
	10:04	Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More
03.04.2024
	23:01	Croatian horseradish root ‘Ludbreški hren' added to register of Protected Designations of Origin
02.04.2024
	10:15	FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana
28.03.2024
	12:55	Council compromise on Ukraine ATMs – Only a half step forward in the right direction
	09:18	Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine
26.03.2024
	10:55	Projected famine in Gaza: FAO urges immediate access to deliver urgent and critical assistance at scale. About 1.1 million people are experiencing catastrophic food insecurity
	08:44	EU makes major step forward in the delivery of 2024 humanitarian aid for Palestinians in Gaza*
25.03.2024
	16:17	Commission approves ˆ86.9 million Bulgarian State aid scheme to support farmers in the context of Russia's war against Ukraine
21.03.2024
	11:15	Commission takes action to boost biotechnology and biomanufacturing in the EU
20.03.2024
	11:13	Deal to extend trade support for Ukraine with safeguards for EU farmers
19.03.2024
	09:43	CAP - The Commission proposes simplifications that safeguard agricultural transitions!
18.03.2024
	23:10	The European Union and Switzerland launch negotiations to deepen bilateral relations
	10:05	Commission proposes targeted review of Common Agricultural Policy to support EU farmers
15.03.2024
	23:36	Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola
	23:19	FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign
13.03.2024
	23:27	FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers
	16:51	The European Commission sets out key steps for managing climate risks to protect people and prosperity
12.03.2024
	20:25	Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework
	20:24	INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs
	08:10	Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
11.03.2024
	09:11	U.S. Corn Exports Shift Destinations as Brazil Captures China Market
08.03.2024
	15:20	Conflicts push acute food insecurity higher
	13:21	FAO Food Price Index declines further in February
	13:14	Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU
	11:45	Commission approves ˆ61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine
07.03.2024
	20:41	First go-ahead to renewing trade support for Ukraine and Moldova
05.03.2024
	15:55	Commission proposes to prolong road transport agreements with Ukraine and Moldova and introduces updates to the agreement with Ukraine
02.03.2024
	07:31	Heroes of deserts and highlands: Nourishing people and culture
23.02.2024
	10:21	BASF’s financial strength supports proposed stable dividend of ˆ3.40 per share for the 2023 business year
	10:17	The Council has chosen to ignore farmers' concerns regarding Ukraine ATMs; it is now imperative for the European Parliament to take action
20.02.2024
	20:27	South Asia is anticipated to import nearly 14 million tons wheat in 2023/24
19.02.2024
	13:00	Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options
17.02.2024
	17:47	Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries
16.02.2024
	09:10	The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP
13.02.2024
	17:31	European farmers exempted from rules on land lying fallow
12.02.2024
	16:45	India Wheat Stocks Plummet to Lowest in 15 Years