EU wheat exports are struggling, but Ukrainian imports are doing well

Published 2024년 11월 20일

Tridge summary

Wheat prices on Matif have increased due to the escalating conflict in Ukraine and information about Morocco buying French wheat. The European Commission has reported a decrease in EU grain exports compared to the same period last year, with the largest exports being made by Romania, Lithuania, Latvia, and France. However, imports remain at a similar level year-on-year, with the majority coming from Ukraine. Rapeseed prices have fallen due to good prospects for soybean harvests in South America and hopes for a resolution in the Middle East conflict. Corn prices have also fallen on Matif, but EU imports have increased compared to the same period last year, with the majority of the grain coming from Ukraine.

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

Original content

Wheat prices in the most frequently quoted March contract rose yesterday on Matif by EUR 0.75/t to EUR 227.25/t. The risk premium is growing due to the escalation of the conflict in Ukraine, and there is also information about Morocco buying French wheat. The European Commission has provided the latest data on EU grain trade. These data show that EU exports from the beginning of the season to November 17 amounted to 8.79 million tonnes, compared to 12.66 million tonnes in the same period last year. The largest exports were by Romania (2.525 million tonnes), Lithuania (1.193 million tonnes), Latvia and France. It is worth noting that, as usual, data on exports to Italy, France, Bulgaria and Ireland are incomplete. In turn, imports remain at a similar level year-on-year – 3.518 million tonnes, of which almost 2.5 million tonnes come from Ukraine. In 2025, the harvest is expected to reach 25 million tonnes, 3 million tonnes more year-on-year, among other things, due to the larger ...

Source: Wrp