Sovecon Boosts Russian Wheat Export Forecast as EU Lowers Projections
Global Export Markets Update: Grains, Oilseeds, and Edible Oils
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April 30 (Reuters) - Snapshot of the global export markets for grains, oilseeds and edible oils as reported by government and private sources, as of the end of business on Thursday:
Sovecon Raises Russian Wheat Export View
Agriculture consultancy Sovecon raised its 2025/26 Russian wheat export forecast by 0.9 million metric tons to 47.4 million tons. Sovecon also raised its 2026/27 export forecast for Russian wheat by 1.4 million tons to 45.2 million tons, it said.
EU Wheat Export Forecasts Lowered
The European Commission cut its export forecasts for common wheat, or soft wheat, from the European Union for this season and next, with exports in 2025/26 now seen at 27 million metric tons this season, from 28 million tons projected last month. For 2026/27, the Commission pegged soft wheat exports at 29.65 million tons, below the 30 million tons forecast in its initial outlook a month ago.
Pending Tenders
Rice Tenders from South Korea
First Rice Tender
South Korea's state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase an estimated 65,394 tons of rice, European traders said. The deadline for submissions of price offers was April 21.
Second Rice Tender
South Korea's state-backed Agro-Fisheries & Food Trade Corp. issued an international tender to purchase about 20,000 tons of rice sourced from the United States and Vietnam, European traders said. The deadline for submissions of price offers in the tender was April 28. Results of the tender may not be known for some weeks after price submissions, traders said.
Additional Resources
For top agriculture stories, see: [TOP/GRO]
(Compiled by Julie Ingwersen in Chicago)
