Wheat exports from the EU show slow pace at the start of the season

Published 2024년 7월 30일

Tridge summary

Between July 1 and July 21, 2024, EU countries exported 1.404 million tons of milling wheat, down from 2.210 million tons during the same period last year, while durum wheat exports slightly increased to 36.9 thousand tons. Key destinations for milling wheat were Nigeria, Egypt, Morocco, Saudi Arabia, and Angola, and for durum wheat, Algeria and Morocco. The USDA predicts a decline in European wheat export potential to 34.5 million tons this season due to a reduced harvest of 130.0 million tons.

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

Original content

From the beginning of the current season (July 1, 2024) to July 21, the EU countries exported 1.404 mln tons of milling wheat, the European Commission reports. During the same period of the previous season, 2.210 mln tons of wheat were exported, in 2022/2023 – 2.268 mln tons. Exports of durum wheat in the first three weeks of the current season amounted to 36.9 thsd tons, up 3.7 thsd tonnes compared to the same period last season. The main export destinations of European milling wheat this season were: Nigeria (201.1 thsd tons), Egypt (194.0 thsd tons), Morocco (158.7 thsd tons), Saudi Arabia (152.1 thsd tons) and Angola (105.1 thsd tons). The durum wheat was exported to Algeria (31.1 thsd tons), Morocco (5.0 thsd tons) and other countries. According to the forecasts of the USDA, ...

Source: UkrAgroConsult