Home
Publication
Wheat reserves of European Union continue to decrease

Wheat reserves of European Union continue to decrease

According to experts from agency Strategie Grains, the final stock of wheat of Europe will be reduced significantly in current season. The reason of it is beneficial prices on export wheat, which is bought by EU.

Profile of Vsesvit Group is - distribution and logistics. We deliver qualitative goods, received from manufacturers of Ukrainian and foreign products, to leading chains of domestic supermarkets. Warehouse logistics, which we develop in accordance with world standards, allows to optimize the space of storage facilities and to decrease related expenses. Experienced specialists, qualitative service and flexible conditions make Vsesvit one of leaders of the distribution sphere.

Export of wheat to European Union continues to increase pace, because the price of this product remains competitive. According to data of UkrAgroConsult the final stock of wheat for period 2015/2016 will stop on the mark 14.7 million tons, that is almost a million lower, than according to April forecasts. It is planned to export up to 30.4 million tons of wheat during the season.

According to experts, the final stock of EU will decrease even more - up to 11.9 million tons, while export will rise up to 30.7 million in the season 2016/2017.

We’d like to remind that at the moment Ukraine does not spend the majority of quotas on agricultural products provided by European Union according to the Law on free trade.