World Grain - November 2023 - 26

FEATURE: GLOBAL GRAIN TRADE REVIEW
Colombia, Ecuador and Peru, on reduced surpluses in
Argentina and Canada, the main suppliers, while deteriorating
supply prospects in Australia cut forecast deliveries
to China and the Philippines.
" Purchases by Brazil are trimmed on a larger projected
crop, " the IGC said. " While the bulk will again be sourced
from Argentina, the share of Russian supplies could grow
further. The downgrades are partly countered by increased
import forecasts for North Africa and the EU, tied to improved
prospects for durum trade. Reflecting strong early-season
purchases by Italy, the projection for the EU is
raised by 300,000 tonnes, to 5.8 million, still less than a
half of last year's volume amid prospects for smaller arrivals
from Ukraine. "
The IGC added 2 million tonnes to its export figure
for Russia, bringing it to a record 48.5 million tonnes, up
from 47.7 million the year before, " on a larger crop number
and a record pace of shipments, privately estimated
at 11.6 million (up 72%) as of mid-September. Turkey's
exports are also forecast higher than before on an uprated
projection for durum dispatches. "
The IGC added: " EU exports (July/June) lagged last
season's pace by 28% as of Sept. 17, but declining local
export prices and tightening supply prospects at some other
origins have prompted fresh buying interest recently,
including from China. The Council's projection is maintained
at 34.3 million tonnes (33.1 million), but with potential
downside linked to reported crop quality issues in
some growers. "
Shipments from Ukraine, which were 2.5% in the first
2 1/2 months of the marketing year, " are on track to reach
the Council's full-year projection of 12 million tonnes,
unchanged month-on-month despite higher-than-previously-estimated
output, " the IGC said. " While efforts are
underway to boost transshipment via EU ports, intensified
attacks have reportedly curbed export capacity at Danube
River ports and discouraged some buyers.
" The all-wheat export outlook for Kazakhstan is tentatively
maintained at 9 million tonnes (down from 9.8
million last year), pending updates on this season's crop
quality in light of heavy harvest time rains. "
The IGC forecast the third successive year of declining
maize trade, to 171.5 million tonnes, down 5%, " as
an anticipated contraction in EU purchases more than offsets
forecast larger imports into Asia, including to China,
South Korea and Vietnam. "
JOIN ASIA'S LARGEST
DEDICATED EVENT FOR
THE ANIMAL FEED
PROCESSING INDUSTRIES
JOIN
 Growing market opportunities in the
booming Asian region
 Over 9.000 international visitors
 See what is trending in your industry
 Meet delegates from various trade
missions
ASIA'S LARGEST
DEDICATED
EVENT FOR THE
ANIMAL FEED
PROCESSING
INDUSTRIES
Scan the QR code or visit
victamasia.com
for more information
Supported by:
SAVE THE
DATE
 Meet (potential) customers
 Specific conferences with key topics in
line with your interests
The platform to launch your innovation
Access to the industry exhibition
This event is held at BITEC in halls 9 and 10
Bangkok International Trade & Exhibition Center
MARCH 12 - 14, 2024
BITEC EXHIBITION CENTER, BANGKOK, THAILAND
REGISTER
NOW!
VICTAMASIA.COM
MARCH 12 - 14, 2024
BITEC EXHIBITION CENTER, BANGKOK, THAILAND
SEE YOU AT
VICTAM ASIA!
WELCOME TO BITEC
Bangkok International
Trade & Exhibition Centre
The event is held in halls 9 and 10
World Grain 178x124.indd 1
27-06-2023 16:10
26
November 2023 / World Grain / World-Grain.com
http://www.VICTAMASIA.COM http://www.World-Grain.com
World Grain - November 2023

Table of Contents for the Digital Edition of World Grain - November 2023
