Cereal import-export in Italy in 2024, import increases in quantity but decreases in value

Published 2024년 12월 12일

Tridge summary

In the first 9 months of 2024, Italy experienced a 10.2% increase in imports in the cereals, protein flours and oilseeds sector, reaching 1,716,000 tonnes, despite a 10.3% decrease in value to 732.0 million euros. This is attributed to higher imports of soft wheat and corn, but lower imports of durum wheat and barley. Exports also increased by 0.6%, with a notable rise in pasta, soft wheat flour, and rice exports. Currency movements led to a decrease in the net exchange balance from -2,749.9 million Euros in 2023 to -1,997.5 million Euros in 2024.

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

Original content

Imports into Italy in the cereals, protein flours and oilseeds sector in the first 9 months of 2024 increased in quantities by 1,716,000 tonnes (+10.2%) and decreased in values by 732.0 million euros (-10.3%) compared to the same period of the previous year. The quantitative increase is due to the arrivals from abroad of soft wheat (+904,000 t) and corn (+545,700 t) whose value decreased by 25.8 and 224.0 million euros respectively. Imports of durum wheat decreased both in quantity (-233,000 t) and in value (-227.8 million euros), while for barley there was a quantitative increase of 27,000 t against a reduction in value of 41.1 million euros (-27%). Rice imports decreased slightly by 8,100 t (-3.4%), considering overall paddy rice, milled rice, husked rice and broken rice. As regards protein and vegetable flours, the increase in imported quantities is equal to 4.9% (+90,700 t), while for oilseeds and fruits the increase is 129,000 t (+6.1%): the corresponding value expressed in ...

Source: Agricolae