Asian flour millers are expected to increase wheat purchases from France and Romania starting in July to make up for the loss of wheat in the supply chain from Russia’s blockade of Ukrainian exports.  Continuing weather challenges in the United States and India’s curb on wheat exports have heightened concerns over grain supply, while supply chain issues continue to stand in the way of getting available wheat to markets.  

Australia, the world’s second largest exporter of wheat, has been boosting sales to meet demand since the beginning of the year and is expected to continue to ship large volumes of wheat as they harvest another bumper crop this year.  Ukraine’s agricultural minister believes the Russia-Ukraine war will create wheat shortages for at least three seasons, while many Asian buyers have been booking just one or two months in advance, hoping for supplies from the Black Sea region to resume.

Asian buyers eye French, Romanian wheat after Ukrainian supply blocked