EU 2023/24 soft wheat exports down 2% at 22.8 million tons by March 23

Wheat

Hungary

Published Mar 28, 2024

Tridge summary

The European Union's soft wheat exports for the 2023/24 season, starting in July, have decreased by 2% to 22.8 million metric tons as of March 23, compared to 23.2 million tons the previous year. Additionally, barley exports and maize imports have also seen declines of 12% and 38%, respectively. The report, which was delayed due to technical issues, indicates incomplete data for some EU countries and mentions an increase in soft wheat imports from Ukraine. This has caused unrest among EU farmers and led to discussions within the EU about imposing trade limits on Ukrainian farm products, with France pushing for wheat to be included in these restrictions.

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Original content

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 22.8 million metric tons by March 23, down 2% compared with 23.2 million a year earlier, data published by the European Commission showed on Tuesday. EU barley exports totalled 4.2 million tons, down 12% against 4.8 million tons in the corresponding period in 2022/23, while EU maize imports were at 13.2 million tons, 38% below theyear-earlier 21.5 million tons. The publication was the first for three weeks due to a prolonged technical issue, and some data was still lacking. The latest EU figures went up to Saturday, rather than Sunday as normally. Among EU countries, data for Ireland was missing since June 2023, import data for Bulgaria only ran up Jan. 10, 2024 and import figures for Hungary went up to Nov. 27, 2023, the Commission said in a note. EU wheat imports were running above last season’s pace, with soft wheat imports up 4% at 7.12 million tons, led by nearly 5 million ...

Source: UkrAgroConsult