PARIS A French export alliance of grain cooperatives to take on the challenge of Black Sea supplies may not be enough to stop the EU's top exporter losing the vital Algerian market to Russian wheat, traders and analysts said.
* French consultancy puts EU crop at 13-year low of 17.8 mln
PARIS Rain brought some relief to European Union rapeseed crops this month, but analysts still expect this year's harvest to be the lowest in more than a decade after drought and insect attacks.
PARIS A mild end to winter has boosted the growth of rapeseed crops in Europe but also led to insect damage and kept some regions dry, limiting prospects for a recovery from a drought-hit sowing campaign, analysts said.
MOSCOW/HAMBURG Russia, already the world's leading wheat exporter, is bent on taking further market share from the European Union and United States with a new attempt to crack what have traditionally been its most difficult destinations.
PARIS After a brisk start, falling volumes in CME Group's new EU wheat futures show the size of the task in challenging Euronext's established benchmark, making the next harvest key to gaining a foothold in Europe, traders said.
PARIS Private Indian millers are showing increasing interest in French wheat due to its competitiveness on world markets, with traders reporting recent sales of up to 150,000 tonnes, but phytosanitary constraints are slowing exports, they said.
PARIS French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being delayed by Indonesia in retaliation against a French palm oil tax plan.
PARIS CME Group has moved closer to launching long-planned European Union wheat futures after resolving contract issues with grain silo operators in France, trade sources said.
CHICAGO/PARIS, March 2 Bunge Ltd will
deliver a cargo of French wheat that Egypt rejected in December
to Spain, in a further sign the agricultural trading house has
been unable to resolve a dispute with Egypt over the quality of
the grain, U.S. and European traders said.