Morocco is the largest port for exporting European Union wheat for the 2022-2023 season

Published 2023년 3월 25일

Tridge summary

For the 2022-2023 wheat export season, Morocco has emerged as the largest supplier to the European Union, replacing Algeria as the top destination for EU wheat following disruptions in sales to Black Sea regions due to renewed competition and the ongoing conflict. The demand for EU wheat has surged due to logistical and financial risks from Ukraine and Russia, especially after last year's drought diminished harvest yields. Morocco is set to import an additional 1.5 million tonnes of soft wheat in the coming months. France, the leading EU wheat producer, has primarily exported its surplus to non-EU countries. The article also highlights the potential for late-season EU exports, driven by uncertainties in Black Sea supplies, with Russia's commitment to the corridor agreement ending in mid-May.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The state of Morocco has become the largest outlet for exporting wheat to the European Union for the 2022-2023 season, after sales to other outlets were disrupted as a result of renewed competition for Black Sea exports with the receding of the war, according to CNBC Arabia. In a year that witnessed the beginning of the Russian-Ukrainian war, it is also a major source of grain The EU ramped up sales at the start of an export drive in July and June, as importers sought alternatives to Black Sea grains. With the need for imports intensifying after a harvest hit by last year's drought, Morocco has become a larger than usual outlet for EU wheat, taking Algeria's place as the bloc's biggest export destination. Morocco plans to import another 1.5 million tonnes of soft wheat between March and May, said Yann Lebeau of French grain maker Interserial. Importers are expected to turn to EU supplies given the logistical and financial risks to grain from Ukraine and Russia. Steady demand from ...
Source: Akhbarelyom

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