72% of wheat imports into the EU come from Ukraine

In short: • Exports of wheat from the EU fell sharply by 31% • 72% of wheat imports into the EU come from Ukraine Wheat prices in Paris fell to a 4-week low on Friday, erasing the month's uptrend. 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. In the European futures market, wheat prices for the December contract continued to decline on Friday, falling by 4 euros to 217.50 euros per tonne. 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 ...