The largest ever UK cargo of wheat is ready to be shipped from the port of Immingham in the North-East of the country. According to the AGN. Bloomberg.
British subsidiary of Glencore is preparing to send to Vietnam 70 thousand tons of feed wheat. The bulk carrier Trade Prosperity of wheat on Board is scheduled to depart in early July. Sending such a large cargo at the end of the season, when there is a tense situation of supply of grain – a rarity.
The weakening of the pound sterling, which began during the preparation of the referendum on the British exit from the EU has increased the export competitiveness of the British grain. So in April wheat exports at highest level since 2012. It is expected that exports of barley will be a record for 19 years.
UK, mainly wheat exports to the EU. But this season, some cargo was shipped to Asia, North Africa and even North America.
Translated by service "Yandex.Translation"