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Wheat News - 18 Sep 2024

Wheat News - 18 Sep 2024
Europe

EU - Usda Cuts Eu Wheat Production By 4 Million Tons To 124 Million
EU - Wheat Prices Rise To €220.75/T, U.S. Corn Harvest 385.7
France - French Mills Face 61% Drop In Wheat Exports
France - French Wheat Quality: 11.4% Protein, 261/300 Baking Score
France - French Mills Face 61% Export Drop Amid Lowest Harvest Since 1980S
France - Euronext Wheat Prices Drop 0.3% To 218.50 Euros Amid Tensions
France - France Cuts Wheat Export Forecasts After Poor Harvest
Germany - Germany'S Quality Wheat Production Drops To 2 Million Tons
Italy - Synergy Between Fertilization And Variety Boosts Wheat Quality
Russia - Russian Grain Harvest Down 8 Million Tons To 102 Million
Spain - Scientists Achieve 97.7% Gluten Reduction In Wheat Using Crispr
Spain - Climsostrigo Project Launches To Test Ten Wheat Varieties
Ukraine - Ukraine Plants 1.05 Million Hectares Of Winter Crops
Ukraine - Ukraine War Affects Global Food Supply, $11 Billion Losses Annually
Ukraine - Ukraine Maintains Winter Wheat Sowing Forecast At 5 Million Hectares
Ukraine - Ukraine To Halt Wheat Exports If Exceeds 16.2 Million Tons
Ukraine - Bread Prices Rise 2-3% Monthly Amid One-Third Wheat Production Drop
Ukraine - Drought Affects 70% Of Fields, Halves Winter Crop Sowing
Ukraine - Ukrainian Grain Exports Up 3 Million Tonnes, Wheat Harvest 22 Million Tons

Asia

Bangladesh - Bangladesh To Import 600,000 Tonnes Rice And Wheat
India - India To Build 3.4 Million Ton Silos, ₹14,200 Crores Invested
India - Govt Raises Wheat Allocation To 10.65 Million Tonnes
India - Wheat Stock Limits Set: 2,000 Tons Wholesale, 10 Tons Retail
India - Government Increases Wheat Allocation By 3.5 Million Tonnes
India - Govt Restores 35 Lakh Tonnes Wheat Allocation For Poor
India - Govt Restores Wheat Entitlements For 20 Crore Beneficiaries
India - Govt Relieves Pds Wheat Quota, Launches ₹1,000 Cr Fund
India - Wheat Prices Rise 18% To 28,416 Rupees Per Metric Ton
India - Government Increases Wheat Allocation By 3.5 Million Tons For 820 Million Beneficiaries
India - India'S Wheat Prices Rise 18% To ₹28,416 Per Ton
India - Six Wto Nations Question India'S $48.13 Billion Export Ban
India - India'S Wheat Prices Hit 28,416 Rupees Amid Stock Concerns
Kazakhstan - Kazakhstan May Export Over 9 Million Tons Of Wheat

Americas

Argentina - World'S First Gmo Wheat Variety Introduced: Hb4 Drought-Tolerant
Argentina - Córdoba 2024-25 Crop Profitability: Soybean Usd 287/Ton, Wheat Usd 206/Ton
Argentina - Wheat Yield Loss Increases By 53-74 Kg/Ha Due To Rust
Argentina - September Rains Crucial As 68% Sunflower And 35% Corn Affected
Brazil - Wheat Market In Rs And Sc: 200K-250K Tons Estimated
Canada - $241 Million Flour Mill Under Construction, 750 Tonnes Daily Capacity
Cuba - Cuba Reduces Bread Weight From 80 Grams To 60 Grams
U.S. - Wheat Prices Decline To $5.76/Bu Amid U.S. Planting
USA - Wheat Rises 0.4% To $5.78 Amid Black Sea Pressure
United States - Wheat Futures Rise 0.4% To $5.78 Amid Black Sea Pressure
United States - Twin Ports Grain Shipments Up 5.6% To 5.2 Metric Tons
United States - Us Srw Wheat Crop Hits 342 Million Bushels, Nd 90% Harvested

Africa

Algeria - Algeria Aims For 100% Durum Wheat Self-Sufficiency By 2025
Mozambique - Mozambique Grain Terminal Capacity To Rise By 100,000 Tonnes
Tunisia - Tunisia Aims To Purchase 225,000 Tons Of Wheat
Zimbabwe - Wheat Farmers Reject Zig As Currency Reform Stalls

Europe and Asia

Russia - Krasnodar Krai Winter Wheat Area Down 5.8% To 1.6 Million Hectares
Russia - Russia Expands Wheat Exports To Africa Amid 20% French Decline
Russia - Russia'S 2024 Wheat Production Forecasts: 82.2M To 82.9

World

World - Wheat Prices Expected To Rise To $245-$255 Per Ton
World - Usda Increases Global Grain Stocks By 5.4 Million Tons

Europe

EU - Usda Cuts Eu Wheat Production By 4 Million Tons To 124 Million
USDA forecasts EU wheat production at 124 million metric tons for 2024, down 4 million tons from previous estimates and nearly 11 million tons lower than 2023. Global wheat production is projected at a record 796.9 million tons. Wheat futures have dropped below $580 amid concerns over low European output and dry conditions in Russia and Ukraine.(newsdakota.com | Agroprofil | XTB)

EU - Wheat Prices Rise To €220.75/T, U.S. Corn Harvest 385.7
Wheat prices in Europe fluctuated between €220 and €225 per ton, with Euronext reporting €220.75/t for December 2024 contracts. U.S. corn harvest estimates were raised to 385.7 million tons, but market volatility remains due to geopolitical tensions and potential drought impacts in Brazil and the Black Sea region.(Terre-net | Terre-net)

France - French Mills Face 61% Drop In Wheat Exports
French flour mills are facing higher costs due to a poor wheat harvest, the smallest since the 1980s. Only 28% of the crop met standard test weights, forcing mills to grind 5%-6% more wheat for the same flour output. Exports are expected to drop by 61%, but moderate wheat prices may prevent inflation similar to previous years.(Marketscreener.com)

France - French Wheat Quality: 11.4% Protein, 261/300 Baking Score
In 2024, French soft wheat quality is strong for baking, with protein quality rated at 11.4%. However, durum wheat shows heterogeneous quality, especially with high levels of speckled grains at 5.2%. The average baking score for soft wheat is 261/300, with 94% exceeding 250. Export prospects are dim due to low specific weights, with 72% rated as Medium.(Réussir)

France - French Mills Face 61% Export Drop Amid Lowest Harvest Since 1980S
French flour mills are experiencing the lowest wheat harvest since the 1980s, with only 28% meeting the standard weight of 76 kg/hL. Mills may need to process 5-6% more wheat for the same flour yield. Exports are projected to drop by 61% for 2024/25, but no supply shortages are expected.(Marketscreener ES | Bourse | Global Banking And Finance Review | Zonebourse.com | Marketscreener CH)

France - Euronext Wheat Prices Drop 0.3% To 218.50 Euros Amid Tensions
Euronext wheat prices fell 0.3% to 218.50 euros ($243.06), marking a third consecutive decline, influenced by cheaper Black Sea supplies and U.S. interest rate caution. French soft wheat production is estimated at 25.775 million tons, down from 26.321 million in August, while Russian production is projected at 82.9 million tons.(MarineLink | Réussir)

France - France Cuts Wheat Export Forecasts After Poor Harvest
France has reduced its wheat export forecasts due to a poor harvest. The adjustments reflect the impact of unfavorable weather conditions on crop yields, affecting overall supply in the global market.(Investing.com Brasil)

Germany - Germany'S Quality Wheat Production Drops To 2 Million Tons
Germany is expected to produce significantly less quality wheat for the third consecutive year, with raw protein levels projected to be below 12%. Wheat with over 14% protein has decreased from 5.8 million tons in the last decade to only 2 million tons now.(agrarheute.com)

Italy - Synergy Between Fertilization And Variety Boosts Wheat Quality
In organic cereal cultivation, an effective cropping system is crucial for achieving production, quality, and profitability goals. A two-year study by DISAFA at the University of Turin examined the interaction between variety selection and nitrogen fertilization strategies for high-quality wheat. Key findings emphasize the importance of variety choice and specific fertilization techniques to enhance baking quality and maximize profitability.(Informatore Agrario)

Russia - Russian Grain Harvest Down 8 Million Tons To 102 Million
As of September 18, Russian farmers have harvested 102 million tons of grains and legumes, nearly 8 million tons less than last year's 119.8 million tons due to adverse weather conditions. Sunflower harvests reached 3.7 million tons, up from 1.4 million tons last year. The Ministry of Agriculture forecasts a total grain harvest of 132 million tons for this year.(inbusiness.kz)

Spain - Scientists Achieve 97.7% Gluten Reduction In Wheat Using Crispr
Scientists from Spain have successfully used CRISPR-Cas9 technology to develop wheat with up to 97.7% reduced gluten content, targeting genes encoding γ- and ω-gliadins. This breakthrough aims to produce gluten-free wheat for individuals with Celiac Disease and related sensitivities. Future research will explore the immunogenic response in affected patients.(ISAAA)

Spain - Climsostrigo Project Launches To Test Ten Wheat Varieties
The Spanish Association of Cereal Technicians (AETC) launched the CLIMSOSTRIGO project to enhance wheat cultivation sustainability. Over three years, it aims to reduce agrochemical use, adapt to climate change, and improve food security. Testing ten wheat varieties will occur in six regions during 2024-26, across four cultivation systems. The initiative involves multiple agricultural and research organizations.(Agrodiariohuelva.es)

Ukraine - Ukraine Plants 1.05 Million Hectares Of Winter Crops
As of September 18, Ukrainian farmers planted 1.0487 million hectares of winter crops, up from 639.9 thousand hectares the previous week. This includes 340.3 thousand hectares of winter wheat, 16.5 thousand of barley, 3.4 thousand of rye, and 688.4 thousand of rapeseed. Last year, 1.584 million hectares were planted by the same date.(open4business.com.ua)

Ukraine - Ukraine War Affects Global Food Supply, $11 Billion Losses Annually
The war in Ukraine has led to the demining of nearly 140,000 square kilometers, impacting global food supply. Agricultural losses exceed $11 billion annually, with grain exports down 13.2%. Demining costs are estimated at $34.6 billion, requiring international cooperation for funding. Ukraine aims to restore 80% of its land within ten years, using innovative technologies.(Trade magazin)

Ukraine - Ukraine Maintains Winter Wheat Sowing Forecast At 5 Million Hectares
Ukraine's winter wheat planting forecast remains at 4.5-5 million hectares despite drought. As of September 19, 2023, 514,800 hectares have been sown. Winter wheat represents 95% of Ukraine's wheat output. The 2024 wheat harvest is projected at 22 million tons, with domestic consumption near 6 million tons and an export cap of 16.2 million tons.(Экономическая правда | XM | Forbes RU | open4business.com.ua | Yahoo Finanzas | Vector News Russian)

Ukraine - Ukraine To Halt Wheat Exports If Exceeds 16.2 Million Tons
Ukraine will halt wheat exports if shipments exceed 16.2 million metric tons for the 2024/25 season, as stated by the first deputy agriculture minister. Currently, about 20% of this volume has been exported. The 2024 wheat harvest is 21.8 million tons, but quality concerns have prompted requests to limit milling wheat exports to stabilize bread prices.(Marketscreener ES | LA NACION | XM)

Ukraine - Bread Prices Rise 2-3% Monthly Amid One-Third Wheat Production Drop
In Ukraine, bread prices are projected to rise 2-3% monthly due to energy supply issues and increased production costs, with inflation exceeding 7.5% in August. Additionally, drought has reduced wheat production by one-third compared to pre-war levels, contributing to rising prices and the lowest global grain stocks in nine years.(Факты | biz.liga.net)

Ukraine - Drought Affects 70% Of Fields, Halves Winter Crop Sowing
Drought in the Black Sea region, particularly Ukraine, has delayed winter crop sowing, with sown areas at 50% of last year's figures. Currently, 70% of fields are affected, and wheat output is one-third below pre-war levels. Farmers have sown 1,048.7 thousand hectares, facing challenges from high temperatures and land contamination. Rainfall is urgently needed before the sowing season ends.(Діловий портал DELO.UA | Экономическая правда)

Ukraine - Ukrainian Grain Exports Up 3 Million Tonnes, Wheat Harvest 22 Million Tons
Ukrainian grain exports have exceeded last year's volume by 3 million tonnes, with this year's wheat harvest reaching approximately 22 million tons. Domestic consumption is around 6 million tons, leading to a surplus for export. A memorandum limits wheat exports to 16.2 million tons, with a total grain harvest of 39.06 million tons from 10.9 million hectares.(АПК-Інформ | Greenpost.ua.)

Asia

Bangladesh - Bangladesh To Import 600,000 Tonnes Rice And Wheat
Bangladesh's government will import 400,000 tonnes of wheat and 200,000 tonnes of rice within 15 days to ensure food security. For the fiscal year 2024-25, it aims for 350,000 tonnes of rice and 700,000 tonnes of wheat from international sources, with an additional 1.923 million tonnes from domestic sources.(Finance News: Latest Financial News | Finance News today in Bangladesh | The Business Standard | Bangladesh Sangbad Sangstha (BSS))

India - India To Build 3.4 Million Ton Silos, ₹14,200 Crores Invested
The Indian government plans to build silos with a combined capacity of 3.4 million tons to reduce grain waste and extend shelf life. Home Minister Amit Shah announced initiatives totaling ₹14,200 crores across seven schemes to enhance agricultural productivity and support farmers. Additionally, ₹20,000 crores were distributed to 9.3 crore farmers under the PM Kisan scheme.(Kisan Tak)

India - Govt Raises Wheat Allocation To 10.65 Million Tonnes
The Indian government has increased wheat allocation under the PM Garib Kalyan Annay Yojana to 10.65 million tonnes, with an additional 3.5 million tonnes authorized until March 2025. This aims to stabilize prices and address previous supply issues. Current wheat production is 112.9 million tonnes, significantly higher than last year, and the scheme supports 800 million beneficiaries with free foodgrains.(Jagran English)

India - Wheat Stock Limits Set: 2,000 Tons Wholesale, 10 Tons Retail
The government has set stock limits for wheat storage in Gwalior, effective from September 9, 2024, to March 31, 2025. Wholesale traders can hold up to 2,000 tons, while retailers are limited to 10 tons per outlet. Authorities will enforce compliance, with inspections authorized across districts to ensure adherence to these limits.(MP Breaking News)

India - Government Increases Wheat Allocation By 3.5 Million Tonnes
The government has increased wheat allocation under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) by an additional 3.5 million tonnes, starting October, to stabilize prices. This allocation will last until March 2025 but remains 1-2 million tonnes below usual levels. Future adjustments may occur based on developments.(Devdiscourse)

India - Govt Restores 35 Lakh Tonnes Wheat Allocation For Poor
The government will partially restore wheat allocation under the Pradhan Mantri Gareeb Kalyan Ann Yojana, providing an additional 35 lakh tonnes, ensuring more food for beneficiaries in several states. Total allocation will rise to 220 lakh tonnes, still below the 280 lakh tonnes prior to May 2022. A new Rs 1,000 crore credit guarantee scheme for farmers and traders has also been approved.(The Times of India)

India - Govt Restores Wheat Entitlements For 20 Crore Beneficiaries
The government will partially restore wheat entitlements for Public Distribution System beneficiaries by allocating 35 lakh tonnes until March 31, benefiting 20 crore people with 5 kg each monthly. The annual allocation will rise to 220 lakh tonnes, still short of the required 248 lakh tonnes. Wheat prices remain stable with no immediate need for open market sales.(BusinessLine)

India - Govt Relieves Pds Wheat Quota, Launches ₹1,000 Cr Fund
The government will relieve the public distribution system (PDS) wheat quota and launch a ₹1,000 crore credit guarantee fund to support farmers and improve food security. This initiative aims to enhance the availability of wheat while providing financial backing to agricultural producers.(Business Standard)

India - Wheat Prices Rise 18% To 28,416 Rupees Per Metric Ton
India's wheat price curbs are inadequate, as prices rose to 28,416 rupees ($339.53) per metric ton, up from 24,000 rupees in April. Traders urge the government to release stocks to meet rising demand during the festival season. Current government wheat reserves stand at 25.1 million tons, down 3.5% year-on-year.(Economic Times)

India - Government Increases Wheat Allocation By 3.5 Million Tons For 820 Million Beneficiaries
The Indian government will increase wheat allocation under the PMGKAY by 3.5 million tons from October until March 2025, aiming to stabilize prices for 800 million beneficiaries. Current wheat production is 112.9 million tons, exceeding last year's by 4-5 million tons, despite allocations being 1-2 million tons below normal levels. Each beneficiary will receive 5 kg monthly.(बिज़नेस स्टैंडर्ड | Millennium Post | Rediffmail | NewsDrum | LatestLY हिन्दी | News18 हिंदी | Mint)

India - India'S Wheat Prices Rise 18% To ₹28,416 Per Ton
India's wheat prices have risen to 28,416 rupees ($339.53) per metric ton, up from 24,000 rupees in April. Traders are urging the government to release stocks to meet rising demand ahead of festivals. Current government reserves stand at 25.1 million tons, reflecting a 3.5% decrease year-on-year.(The Economic Times | ThePrint | Marketscreener IT | Zonebourse.com | Marketscreener.com | THECHOPAL | Yahoo Finance | Marketscreener ES)

India - Six Wto Nations Question India'S $48.13 Billion Export Ban
Six countries, including the US, UK, and Japan, have raised questions about India's export ban on non-basmati white rice and potential export duties, with over 40 inquiries since 2022. India allocated $48.13 billion in input subsidies for farmers from October 2022 to September 2023, with 99.43% of farm holdings classified as low-income.(Economic Times | The Economic Times)

India - India'S Wheat Prices Hit 28,416 Rupees Amid Stock Concerns
India's wheat prices have surged to 28,416 rupees ($339.53) per metric ton due to stock concerns, with government stocks down 3.5% to 25.1 million tons. The Bihar government plans to distribute 5,000 quintals of wheat seeds. Meanwhile, six WTO nations have questioned India's rice and wheat export ban, and the government raised wheat allocation to 22 million tonnes for 200 million people.(Bourse | Kisan Tak | Economic Times | The Financial Express)

Kazakhstan - Kazakhstan May Export Over 9 Million Tons Of Wheat
Kazakhstan may export over 9 million tons of wheat in the new season, according to KazFoodProducts. This projection indicates a significant supply capability for the country in the agricultural sector.(АПК-Информ On-Line)

Americas

Argentina - World'S First Gmo Wheat Variety Introduced: Hb4 Drought-Tolerant
The podcast discusses the introduction of the world's first commercially grown GMO wheat variety, the HB4 drought-tolerant trait by Argentine company Bioceres. Key topics include the effectiveness of the trait, its implications for international trade, and potential timelines for cultivation in the U.S.(Kansas Wheat)

Argentina - Córdoba 2024-25 Crop Profitability: Soybean Usd 287/Ton, Wheat Usd 206/Ton
In Córdoba, a report by the Bolsa de Cereales indicates negative profitability for crops like soybean, wheat, sunflower, and sorghum for the 2024-25 season. Only early corn shows positive results, but planting fears due to spiroplasma persist. Expected prices include USD 287/ton for soybean, USD 206/ton for wheat, and USD 178/ton for early corn.(Noticias AgroPecuarias)

Argentina - Wheat Yield Loss Increases By 53-74 Kg/Ha Due To Rust
In the current wheat season, commercial varieties are susceptible to yellow rust, prompting increased monitoring. Early detection is crucial as severity increases yield loss by 53-74 kg/ha. Sumitomo Chemical's Excalia® Max, a new fungicide, shows a yield increase of 700 kg/ha. The recommended dose is 700 cc/ha, applied with 0.5% soybean oil.(agrositio.com.ar)

Argentina - September Rains Crucial As 68% Sunflower And 35% Corn Affected
September rains are crucial for maize and wheat crops, according to Cristian Russo from Rosario Stock Exchange, who highlighted the expected effects of "La Niña." Meanwhile, drought is affecting 68% of sunflower and 35% of early corn plantings in Santa Fe, severely impacting wheat production and threatening crop yields and farmers' livelihoods.(Safras & Mercado | El Litoral | CampoLitoral)

Brazil - Wheat Market In Rs And Sc: 200K-250K Tons Estimated
The wheat market in Rio Grande do Sul is slow, with future sales estimated at 200,000 to 250,000 tons. Current prices are R$ 1,350.00 per ton, but mills offer R$ 1,300.00. In Santa Catarina, prices vary: R$ 75.00 in Campos Novos and R$ 68.00 in Chapecó. Paraná's new crop prices range from R$ 1,530 to R$ 1,550, affected by adverse weather.(Agrolink)

Canada - $241 Million Flour Mill Under Construction, 750 Tonnes Daily Capacity
P&H Milling Group is constructing a $241 million flour milling facility in Red Deer County, with a daily capacity of 750 metric tonnes. The facility will source 230,000 metric tonnes of wheat annually and create up to 200 jobs, including 27 full-time positions. It is expected to be operational by Fall 2026, enhancing Alberta's baking industry.(OkotoksOnline.com | DiscoverEstevan.com)

Cuba - Cuba Reduces Bread Weight From 80 Grams To 60 Grams
Cuba has announced a reduction in the weight of bread included in the basic food basket from 80 grams to 60 grams due to a shortage of wheat flour, representing a 25% cut. This measure, prompted by essential ingredient scarcity, low domestic production, and rising international food prices, reflects ongoing challenges, including fuel and medicine shortages. Public dissatisfaction is growing amid these crises.(AJN1)

U.S. - Wheat Prices Decline To $5.76/Bu Amid U.S. Planting
Wheat prices continued to decline in Chicago due to rapid winter planting in the U.S. SovEcon raised its 2024 Russian harvest estimate to 84.9 million tons. Corn and soybean prices fluctuated amid a weaker dollar and early U.S. harvests. At close, December 2024 SRW wheat fell to $5.76/bu, corn rose to $4.12/bu, and soybeans increased to $10.06/bu.(Terre-net)

USA - Wheat Rises 0.4% To $5.78 Amid Black Sea Pressure
Chicago wheat futures increased by 0.4% to $5.78 per bushel due to lower French harvest estimates, despite pressure from cheap Black Sea exports. Meanwhile, Russia's wheat exports are projected strong at 82.9 million metric tons for 2024. Corn rose 0.4% to $4.14 and soybeans climbed 1.3% to $10.19 amid concerns over Brazil's drought.(LA NACION)

United States - Wheat Futures Rise 0.4% To $5.78 Amid Black Sea Pressure
Chicago wheat futures rose 0.4% to $5.78 per bushel, recovering from previous lows after France downgraded its crop. However, Black Sea wheat exports at low prices continue to suppress prices. Corn and soybean futures also increased, influenced by drought in Brazil. The Russian wheat crop estimate for 2024 was raised to 82.9 million metric tons.(MarineLink)

United States - Twin Ports Grain Shipments Up 5.6% To 5.2 Metric Tons
Grain shipments through the St. Lawrence Seaway reached 5.2 metric tons in 2024, a 5.6% increase from last year. Wheat exports from Twin Ports tripled, and bulk cargo thrived. The Duluth Seaway Port Authority invested over $50 million in terminal improvements, while iron and steel shipments rose 35% to 1.3 million metric tons.(97.9 WEVE | KDAL)

United States - Us Srw Wheat Crop Hits 342 Million Bushels, Nd 90% Harvested
The 2024 US soft red winter wheat crop reached 342 million bushels, with 12% protein and a falling number of 316 seconds. Despite a 24% decrease in seeded area to 6.14 million acres, vomitoxin levels remained low. In North Dakota, 90% of spring wheat is harvested, with 14.0% protein and a test weight of 60.9 pounds per bushel.(World Grain | Morning Ag Clips -)

Africa

Algeria - Algeria Aims For 100% Durum Wheat Self-Sufficiency By 2025
Algerian President Abdelmadjid Tebboune announced on September 17, 2024, that the country aims for full self-sufficiency in durum wheat production by the end of 2025. Algeria currently produces 80% of its durum wheat needs and plans to expand cultivated areas in the Grand South to 500,000 hectares, supported by investments from Qatar, Italy, and national sources.(Economiste Maghrebin)

Mozambique - Mozambique Grain Terminal Capacity To Rise By 100,000 Tonnes
The Maputo Port Development Co. and Maputo Grain Terminal have partnered with MEREC Industries to expand Mozambique's grain terminal capacity. The $5 million project will increase static capacity from 25,000 to 45,000 tonnes and annual capacity from 170,000 to 350,000 tonnes. Construction of four new silos will take 18 months, enhancing logistics and competitiveness.(World Grain)

Tunisia - Tunisia Aims To Purchase 225,000 Tons Of Wheat
Tunisia aims to purchase 225,000 tons of wheat through an international tender, including 125,000 tons of soft wheat and 100,000 tons of durum wheat. Price submissions are due by September 19, with shipments anticipated between October and November, depending on the origin. This effort is part of Tunisia's strategy to enhance food security amid global market fluctuations.(African Manager | Tunisie-Tribune)

Zimbabwe - Wheat Farmers Reject Zig As Currency Reform Stalls
Wheat farmers in Zimbabwe are protesting payments in Zimbabwe dollars (ZWG), fearing losses. For the 2023 season, they received US$440 per tonne, but new prices are US$450 for standard and US$470 for premium grades, exclusively in US dollars. The Zimbabwe Gold (ZiG), launched in April 2024, has depreciated from 1:13.50 to between 1:25 and 1:30 against the US dollar.(pindula.co.zw)

Europe and Asia

Russia - Krasnodar Krai Winter Wheat Area Down 5.8% To 1.6 Million Hectares
In Krasnodar Krai, 1.6 million hectares of winter wheat will be sown for the 2025 harvest, down 5.8% from 1.7 million hectares last year. Overall, nearly 1.8 million hectares are allocated for winter grains. The region has over 400,000 tons of seeds available, with 22,000 tractors and 6,000 seeders participating in the campaign. In 2024, about 12.6 million tons of grain were harvested.(Деловая Газета.Юг)

Russia - Russia Expands Wheat Exports To Africa Amid 20% French Decline
Russia is set to expand its wheat exports to Africa as France faces a catastrophic 2024 harvest, with a projected 20% decline leading to minimum shipments of 4 million tons. Africa's population growth increases food demand, while Russian wheat, cheaper and of higher quality, is gaining market share, especially in Algeria, Morocco, and Tunisia.(Геополитика.RU)

Russia - Russia'S 2024 Wheat Production Forecasts: 82.2M To 82.9
Russia's wheat production forecast for 2024 varies, with estimates at 82.2 million tons from one source and 82.9 million tons from Sovecon, reflecting regional yield disparities. Total grain production is expected between 125-129 million tons, with exports around 60 million tons. Wheat quality has improved, with 25% classified as third grade.(Командир | Агроинвестор)

World

World - Wheat Prices Expected To Rise To $245-$255 Per Ton
The international wheat market is shifting from depressed prices between $185-$190 per ton to $210-$220 in the U.S. amid supply issues in the EU. U.S. exports are projected at 31.5 million tons for 2024/2025, down from 37.87 million. Prices may rise to $245-$255 per ton, with current exports from Russia estimated at 48.1 million tons.(LA NACION)

World - Usda Increases Global Grain Stocks By 5.4 Million Tons
The USDA raised global grain stocks estimates for the 2023/24 season by 5.4 million tons, reaching 2.827 billion tons for the 2024/25 season, despite a 3.6 million ton decrease in expected production. Global grain consumption is projected at a record 2.840 billion tons, with ending stocks expected to decline by 1.6 million tons to 768.4 million tons.(Agronews)