The European Union this week granted export licences for 415,000 tonnes of soft wheat, the biggest award since the start of the 2011/2012 season on July 1, official data showed on Thursday. European exports in the new season have been curbed by the return of Russia to export markets after it had banned grain exports in August 2010 in response to a drought that ravaged its crops.
This week's award took the total since the beginning of the season to 2.5 million tonnes, compared down from 4.3 million tonnes of export licences cleared by the same stage in 2010/2011. The EU also granted this week licences to export 101,000 tonnes of barley, bringing the total so far in 2011/2012 to 858,000 tonnes, against 1.1 million tonnes last season, the data showed. Russia could export at least 3.3 million tonnes of grain in September, up from 3.2 million tonnes in August and 2.5 million tonnes in July, a leading agricultural analyst said on Thursday.
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