News

At the beginning of the 2023-24 agricultural year, the European Union significantly reduced corn imports

Published Oct 9, 2023

Tridge summary

EU countries have reduced corn purchases by 43 percent since the beginning of the agricultural year in 2023-24. Ukraine is the largest exporter with 2.04 million tons, but this is 560 thousand tons less than the previous year. Purchases from Brazil decreased significantly due to unfavorable climatic conditions, while purchases from Canada, Russia, and the US increased due to the high quality of their products and larger harvests.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Since the beginning of the 2023-24 agricultural year (for grains, the calendar year changes every July), EU countries have reduced corn purchases by 43 percent, reports the APK-Inform news agency, citing data from the European Commission. In exact figures, this amounts to 4.22 million tons, or 3.17 million less than in the previous agricultural year. These figures are as of October 1. The largest buyer of this crop in the current agricultural season (the same as the agricultural year - ROSNG) was Estonia, which imported 1.65 million tons. Behind it, with much smaller figures by a huge margin, are the Netherlands and Italy, which purchased 550,500 and 542,100 tons, respectively. Ukraine slightly reduced exports of vegetable oils in September In turn, Ukraine became the largest exporter with 2.04 million tons, accounting for 48.5 percent of the total volume. However, this is 560 thousand tons less than a year earlier. One of the reasons for the decline could be the refusal of ...
Source: Rosng
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.