EU 2024/25 soft wheat exports down 26% by Sept 29
Adds year-on-year variations, main countries for exports and imports
Oct 1 (Reuters) -Soft wheat exports from the European Union since the start of the 2024/25 season in July had reached 6.14 million metric tons by Sept. 29, down 26% from ayear earlier, data published by the European Commission showed on Tuesday.
EU barley exports totalled 1.52 million tons, down 34% fromthe corresponding period in 2023/24.
However, the Commission said grain export data for Italy were not complete for the last three weeks, while export data for France was not complete from the beginning of calendar year 2024.
Bulgaria and Ireland export data were not complete from the beginning of marketing year 2023/24.
A breakdown of this season's volume showed Romania was the leading EU soft wheat exporter, with 2.04 million tons so far, followed by Lithuania with 917,000, Bulgaria at 615,000, Latvia at 609,000 and France with 560,000 tons each.
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 | tonnes | share | tonnes | share | |
Nigeria | 907,138 | 14.8% | 871,162 | 10.5% | |
Egypt | 691,683 | 11.3% | 126,000 | 1.5% | |
Morocco | 489,464 | 8.0% | 1,529,998 | 18.5% | |
Algeria | 450,704 | 7.3% | 657,291 | 7.9% | |
UK | 411,319 | 6.7% | 142,089 | 1.7% | |
EU maize imports were at 5.17 million tons, up 13% from a year earlier, while EU soft wheat imports were up 1% from a year ago at 2.02 million tons.
The main supplier countries for EU maize and soft wheat imports so far this season were as follows:
MAIZE imports | 2024/25 | 2023/24 | |||
Origin | tonnes | share | tonnes | share | |
Ukraine | 2,581,953 | 50.0% | 2,104,748 | 46.0% | |
USA | 914,141 | 17.7% | 87,603 | 1.9% | |
Brazil | 836,906 | 16.2% | 1,755,638 | 38.4% | |
Canada | 399,566 | 7.7% | 326,727 | 7.1% | |
Serbia | 347,681 | 6.7% | 39,981 | 0.9% | |
SOFT WHEAT imports | 2024/25 | 2023/24 | |||
Origin | tonnes | share | tonnes | share | |
Ukraine | 1,384,514 | 68.7% | 1,289,977 | 64.5% | |
Moldova | 222,223 | 11.0% | 166,248 | 8.3% | |
Canada | 185,208 | 9.2% | 207,809 | 10.4% | |
USA | 105,750 | 5.2% | 18,369 | 0.9% | |
Serbia | 102,643 | 5.1% | 108,667 | 5.4% | |
Reporting by Nathan Vifflin, Dimitri Rhodes and Sybille de La Hamaide; Editing by Jan Harvey and Shreya Biswas
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.
