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Experts predict an increase in the cost of high-protein wheat
The current market for high protein wheat is in anticipation of the boom
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The current market for high protein wheat is in anticipation of a boom, says most experts. This year has been bad weather conditions for growing spring wheat in the United States. USDA lowers weekly assessment of crop condition. The forecast harvest is also disappointing. According to some American farmers will lose 15-20% of its harvest due to drought. Although USDA claims that the country can export in the current MG one of the record amounts of high-protein wheat. But is it?

The current situation on the grain market are as follows. Export supplies of spring wheat decreased significantly, and the demand for it is high enough. Of course, the US will try to "stay afloat" due to large government stocks. But will the price of wheat is competitive. From official sources it became known that China, Japan and the Philippines has been negotiating the procurement of high-protein wheat in Canada. Although canadian farmers also reported about the deterioration of the crop, but here things are not so bleak. But the future shortage of wheat with protein content above 13% can be seen quite clearly.

The Asian market annually consumes from 10 to 13 million tons of high-protein wheat. The countries of the post Soviet space will not be able to cover the deficit shortfall of grain of high quality on the American continent. Naturally the necessary amount of wheat can be supplied to the Asian market, but only by reducing domestic supply of the exporting countries and rising prices for grain.



Translated by service "Yandex.Translation"
Источники: IDK.Эксперт
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