UK Wheat Exports Up Sharply
The HGCA reports that wheat exports out of the UK have increased sharply to 2.3mmt during the current marketing year which started 1st July 2008.
By the end of January 2009 we had exported 2.3mt, a 145% increase on the 940,000mt exported during the same time frame a year ago (and a million tonnes more than the 1.3mmt exported at the same point two years ago).
The main destination for UK wheat so far this MY has been, as usual, Spain with 660,000mt (07/08 - 335,000mt; 06/07 - 706,000mt).
Interestingly though exports to the Netherlands have shown a huge increase taking 590,000mt (07/08 - 140,000mt; 06/07 - 110,000mt). Much of this, I suspect, has been low bushel weight, inferior feed-grade material.
Our third biggest buyer has been Portugal with 230,000mt (07/08 - 123,000mt; 06/07 - 181,000mt).
At this rate maybe we will get rid of most of our exportable surplus after all. Certainly there won't be too many complaints from compounders if none of this seasons rubbish gets carried into 2009/10.
With a crop of only 14mmt in the pipeline for 2009/10, next season could get interesting in the face of "new" demand from the likes of the Ensus plant on Teeside.
By the end of January 2009 we had exported 2.3mt, a 145% increase on the 940,000mt exported during the same time frame a year ago (and a million tonnes more than the 1.3mmt exported at the same point two years ago).
The main destination for UK wheat so far this MY has been, as usual, Spain with 660,000mt (07/08 - 335,000mt; 06/07 - 706,000mt).
Interestingly though exports to the Netherlands have shown a huge increase taking 590,000mt (07/08 - 140,000mt; 06/07 - 110,000mt). Much of this, I suspect, has been low bushel weight, inferior feed-grade material.
Our third biggest buyer has been Portugal with 230,000mt (07/08 - 123,000mt; 06/07 - 181,000mt).
At this rate maybe we will get rid of most of our exportable surplus after all. Certainly there won't be too many complaints from compounders if none of this seasons rubbish gets carried into 2009/10.
With a crop of only 14mmt in the pipeline for 2009/10, next season could get interesting in the face of "new" demand from the likes of the Ensus plant on Teeside.
