EU 2024/25 soft wheat exports down 31% by Nov 17
Adds year-on-year variations, background and main countries for exports and imports
Nov 19 (Reuters) -Soft wheat exports from the European Union since the start of the 2024/25 season in July had reached 8.79 million metric tons by Nov. 17, down 31% from 12.66 million a year earlier, data published by the European Commission showed on Tuesday.
EU barley exports totalled 1.83 million tons, down 37% from 2.91 million tons in the corresponding period in 2023/24.
EU cereal exports have been curbed by harvest setbacks, with heavy rain in western Europe contributing to a 12-year low for EU soft wheat production and keeping barley output near a 12-year low from 2023.
However, the Commission said grain export data for Italy has been incomplete for the last five weeks and that data for France has been incomplete since the beginning of calendar year 2024.
Export data for Bulgaria and Ireland has not been complete since the beginning of marketing year 2023/24, the Commission said.
A breakdown of this season's volume showed Romania was the leading EU soft wheat exporter, with 2.52 million tons so far, followed by Lithuania with 1.19 million and Latvia at 1.13 million.
France, usually the biggest EU wheat exporter, but hit by its smallest crop since the 1980s, has only shipped 0.92 million tons so far this season, followed by Germany at 0.89 million and Poland at 0.83 million.
The main destinations for EU soft wheat exports so far in 2024/25 were given as follows:
SOFT WHEAT EXPORTS | 2024/25 | 2023/24 | |||
Destination | tons | share | tons | share | |
Nigeria | 1,410,445 | 16.0% | 1,313,337 | 10.4% | |
United Kingdom | 696,298 | 7.9% | 201,669 | 1.6% | |
Egypt | 691,683 | 7.9% | 990,967 | 7.8% | |
Morocco | 619,939 | 7.1% | 1,925,588 | 15.2% | |
Algeria | 560,416 | 6.4% | 966,155 | 7.6% |
In imports, the volume of maize shipped into the EU so far this season had reached 7.60 million tons, up 11% against 6.83 million tons a year earlier.
EU soft wheat imports were at 3.52 million tons, up 1%.
The main supplier countries for EU soft wheat and maize imports so far this season were as follows:
SOFT WHEAT IMPORTS | 2024/25 | 2023/24 | |||
Origin | tons | share | tons | share | |
Ukraine | 2,469,773 | 70.2% | 2,256,750 | 64.7% | |
Canada | 358,830 | 10.2% | 355,005 | 10.2% | |
Moldova | 312,968 | 8.9% | 247,762 | 7.1% | |
USA | 217,174 | 6.2% | 55,596 | 1.6% | |
Serbia | 138,648 | 3.9% | 149,929 | 4.3% |
MAIZE IMPORTS | 2024/25 | 2023/24 | |||
Origin | tons | share | tons | share | |
Ukraine | 3,779,059 | 49.7% | 3,164,767 | 46.3% | |
Brazil | 1,477,009 | 19.4% | 2,736,252 | 40.1% | |
USA | 1,263,054 | 16.6% | 89,083 | 1.3% | |
Serbia | 504,511 | 6.6% | 118,704 | 1.7% | |
Canada | 442,641 | 5.8% | 326,727 | 4.8% |
Reporting by Nathan Vifflin, Olivier Cherfan and Sybille de La Hamaide; Editing by Emelia Sithole-Matarise and David Evans
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.