Traders tracking EU grain flows are particularly exasperated by the lack of complete weekly information, as French customs have managed to issue complete data only in their monthly trade updates.Indeed, there were only incomplete wheat weekly export data from France, for the last four months due a technical glitch.
That, is becoming a major issue for tradres, as the EU experiences a brisk start to the 2021/22 export season, with lower stocks and record prices.
The Commission’s latest weekly update on Tuesday showed the 27-country EU had exported 10.27 million tonnes of common wheat, or soft wheat, since the start of the season on July 1.However, the Commission’s EU total includes just over 822,000 tonnes of French exports compared with about 3.2 million tonnes in loading data compiled by Refinitiv.
Thus, that suggests that EU soft wheat exports so far this season are about a quarter above the level indicated by the Commission.
This technical issue, seems has also affected data for other grain crops, notably large French barley exports.
