72% of wheat imported into the EU comes from Ukraine, Bulgaria is the fifth largest exporter

Wheat prices in Paris fell last week to their lowest level in a month, erasing their upward trend of months. According to experts, part of the reasons for this are weak exports from the EU and high imports from Ukraine. Among the other factors putting pressure on European prices are the rich harvests in the US and the high rate of exports from Russia. On the European futures market, wheat prices for the December contract continued to decline, reaching 217.50 euros per ton. According to Bloomberg, EU countries are currently discussing higher tariffs on imports of agricultural and food products and fertilizers from Russia. However, in the case of grain (unlike fertilizers), there are currently no significant imports from Russia into the EU. According to the European Commission, EU exports of common wheat totaled 7.0 million tonnes from July 1 to October 20, compared to 10.2 million tonnes a year earlier, a sharp drop of 31%. Romania is the biggest exporter so far this season, ...