The main reason for this situation can be seen in the very intense exports from Poland. Prices paid in Polish ports, but also in exports to Germany, fuel the export boom. Not silently, but louder and louder, it can be heard that this could be a record and even historic result in the current season, which may reach from 4.5 to 5.0 million tons.
Where does this situation come from? Does this only apply to wheat, or also to maize or rape? This generally applies to all grains. China is making huge purchases, as it wants to rebuild its pig population as soon as possible. According to preliminary statistical data, in 2020 Beijing imported agricultural goods with a record value of EUR 140.5 billion. This is EUR 17.2 billion more than in 2019. China is stocked, and this can be disconcerting.
The increase in maize prices is not only due to increased imports to China, but above all, disturbing information about agrometeorological conditions in Brazil, which delay maize sowing. Due to the fact that Brazil is the world's second largest exporter of maize (of course, the US is in first place), such information causes increasing purchases that push prices up.
How will all this translate into the price of a Parisian roll? Perhaps the price will remain, but the length of the roll will change. Will it affect feed prices and how? We will see, although the empty elevators evoke a strange feeling.