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

Published 2024년 11월 17일

Tridge summary

Wheat prices in Paris have hit a one-month low due to weak EU exports and increased imports from Ukraine, alongside abundant US harvests and high Russian exports. December wheat futures dropped to 217.50 euros per ton. From July 1 to October 20, EU wheat exports fell by 31% compared to the previous year, with Romania as the top exporter. EU wheat imports remained steady, with 72% sourced from Ukraine. Barley exports decreased by 40%, led by Romania, while barley imports also fell by 40%, primarily from Ukraine. Conversely, corn imports rose by 7%, with nearly half originating from Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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, ...

Source: Trud