Morocco still demands large quantities of wheat from EU

Published 2023년 5월 25일

Tridge summary

Morocco is the leading buyer of EU wheat this season, with purchases accounting for 16% of total EU wheat exports, marking a significant increase from the previous year. The reduction in EU wheat exports to Algeria, traditionally a major recipient, has shifted more grain to Morocco, as well as to Nigeria and Egypt, making these countries key consumers in this season's soft wheat market. Overall, EU soft wheat exports to Africa have reached 11.4 million tonnes, with the season's total exports expected to surpass 30 million tonnes, up from the previous year.

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

Original content

Morocco is the largest buyer of wheat from the EU this season, because its own harvest was smaller due to drought. With the amount shipped last week, the intermediate position already stands at 4.5 million tonnes. That is 16% of all wheat that leaves the EU. Moroccans buy almost three times as much wheat in the EU as last year. Less EU grain to Algeria Algeria is traditionally the most important buyer of French grain, but things have not been going well between the two countries in recent years. This has consequences for the export of French grain to the former French colony. Moreover, two years ago, Russia again gained a foothold in the sale of wheat to Algeria. This ensures that the flow of EU grain to Algeria decreases. Despite this, Algeria still accounts for almost 14% of all soft wheat exported by EU countries this season. This is partly due to the great need as a result of drought. The total sales of soft wheat from the EU to Algeria amounted to about 3.9 million tonnes ...

Source: Boerderij