EU 2023/24 soft wheat exports down 24% by Oct 29
Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 9.61 million metric tons by Oct. 29, down 24% from 12.56 million a year earlier, data published by the European Commission showed on Tuesday.
A breakdown of the data showed Romania remained the biggest EU soft wheat exporter so far in 2023/24, with 2.64 million tons shipped, followed by France with 1.85 million, Poland with 1.69 million, Bulgaria with 937,000 and Lithuania with 890,000.
EU wheat shipments this season have been curbed by Russian competition, though large sales of French wheat to China may boost the EU export pace in the coming months.
The European Commission listed the top five destinations for EU soft wheat exports so far this season, compared with a year ago, as follows:
Soft wheat exports
2023/24 2022/23
Destination tons share tons share
Morocco 1,579,498 16.4% 1,691,072 13.5%
Nigeria 1,056,066 11.0% 883,493 7.0%
Algeria 843,708 8.8% 1,779,324 14.2%
South Africa 635,206 6.6% 476,385 3.8%
South Korea 451,795 4.7% — —
EU barley exports totalled 2.40 million tons, against 2.67 million tons in the corresponding period in 2022/23, of which 1.62 million tons headed to China, up from 435,000 tons by the same time last year.
In imports, EU soft wheat inflows were up 27% from a year earlier at 2.88 million tons, with drought-hit Spain by far the main importer at 1.59 million tons.
Imports of durum wheat, the variety used in pasta, so far in 2023/24 had reached 1.1 million tons, more than four times the year-earlier volume, as EU countries led by Italy offset a poor harvest this year.
For maize, EU imports were at 5.63 million tons, down 41% from a year-earlier 9.59 million.
Spain was the largest EU maize importer so far in 2023/24 with 2.34 million tons, followed by the Netherlands (720,000 tons) and Italy (679,000 tons).
The top five supplier countries for EU maize imports were listed as follows:
Maize imports
2023/24 2022/23
Origin tons share tons share
Brazil 2,505,951 44.5% 5,246,564 54.7%
Ukraine 2,430,634 43.1% 3,672,740 38.3%
Canada 220,147 3.9% 139,619 1.5%
South Africa 77,807 1.4% 64,542 0.7%
Serbia 76,583 1.4% 256,976 2.7%
Source: Reuters (Reporting by Sybille de La Hamaide, Editing by Mark Potter)
Source Link: https://www.hellenicshippingnews.com/eu-2023-24-soft-wheat-exports-down-24-by-oct-29/
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