Egypt's state company GASC plans to purchase 50,000 tons of Bulgarian wheat without a tender at a price of 263.77 USD/ton FOB with delivery scheduled between October 5th and 20th.
According to the forecast by the Union of Agronomists in Kazakhstan, the wheat production in the country is not expected to exceed 10 million tons in 2023.
SovEcon has revised its forecast for wheat production in Russia, suddenly increasing it by 5 million tons to 92.1 million tons (up from the previous estimate of 87.1 million tons).
APK-Inform forecasts the grain production in 2023/24 in Ukraine at 53.1 million tons (53.9 in 2022/23), including wheat production of 20.6 million tons (-1%), barley production of 5.5 million tons (-1%), and corn production of 25.5 million tons (-2%).
During the week ending on August 10, wheat exports from Russia reached 1.2 million tons (1 year earlier). The last time such an export level occurred was in August 2021.
