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July 1998
EU Resists Mounting Pressure to Accelerate Wheat Export Pace
The EU Commission has maintained a relatively passive wheat export subsidy program so far in 1998/99, especially considering they were pilloried by traders for last year’s cautious export campaign, and now face mounting domestic supply and price pressures (just as in the United States). However, with the resumption of import demand from North Africa, especially Egypt, the EU will undoubtedly use subsidies to ensure its wheat is advantageously priced.
Full report: EU Resists Mounting Pressure to Accelerate Wheat Export Pace
Related graphics: EU Export Licenses, Subsidies, and Prices
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