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October, 2008
Source:
USDA/FAS Circular Series FG 10-08
 Import
demand is up sharply for both milling and feed-quality wheat
after several years of relative stagnation. Middle Eastern
imports of milling wheat are estimated to expand dramatically
following short crops in the region, particularly Iran, where
imports are now estimated at 4.5 million tons compared to just
200,000 tons last year. Feed quality wheat imports have also
jumped due to the rebound in world wheat production among major
exporting countries (Ukraine, Russia, and the EU), which has
driven down prices to competitive levels with coarse grains.
Conversely, the drop in global coarse grain import demand,
particularly corn and sorghum for feed use, is primarily the
result of more abundant EU domestic supplies of wheat, corn, and
barley. The EU is expected to account for over 80 percent of the
global drop in import demand. In addition, Canada and Mexico
have more abundant domestic supplies of grains and, therefore,
reduced need for corn imports. Still other countries such as
Korea and Israel are expected to shift to more competitively
priced feed-quality wheat and alternative feed
stuffs such as distiller dried grains.
Full report:
http://www.fas.usda.gov/grain/circular/2008/10-08/grainfull10-08.pdf
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