UK Set To Beat Defra Wheat Export Target

Figures released from Defra show that the UK exported 319,406 MT in March, a two thirds increase on February. That brings total wheat exports for the year to date to over 1.7 MMT.

With three months left to account for in the current July/June marketing year, we now only need to average just over 160,000 MT per month to hit Defra's target of 2.2 MMT for the entire marketing year.

With April also looking like it was a decent volume month, that should be more than comfortably achievable if the pound remains weaker than Bob Cratchit's offspring.