Global wheat production was forecast to outpace consumption, leading to an increase in world wheat ending stocks.
The launch introduces SY Sphynx and SY Xanthis as the first hybrid wheat products available for the 2026 sowing season in France.
A total of 11 shipments are being sought, involving one vessel to Jazan port, three to Dammam, three to Yanbu and four to Jeddah.
In 2022, India’s export ban rattled markets after Russia launched its invasion of Ukraine, which drove wheat prices sharply higher.
The launch of Argentine wheat exports to China reflects a high level of mutual trust and signals the growing maturity of economic and diplomatic relations.