Bulgaria occupies 1/5 of the total wheat exports from the EU

Published 2024년 11월 21일

Tridge summary

The European Union's wheat exports have decreased by 31% compared to the previous season, according to new data from the European Commission. This is due in part to incomplete data from France, Italy, Bulgaria, and Ireland. However, the available data shows that the EU has exported a larger share of the available grain this season compared to the same period last year. Bulgaria has contributed significantly to this, exporting more wheat than reported by the EC.

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

Original content

According to the EC's latest data on wheat exports from the EU, from the beginning of the season to November 17, the countries exported 8.79Mt of wheat. Compared to the volumes for the same period a year ago, exports lag behind by as much as 31% (12.66 Mmt are the volumes in 2023/24). However, there are 2 things to consider before jumping to conclusions: 1. EC data remains incomplete. Information is missing for France and Italy, and for Bulgaria and Ireland they are incomplete from the start of the 2023/24 season. With information from our Lineup, we can at least slightly supplement the missing data for a more accurate picture. 2. Yes, exports may be lower compared to the previous season, but the quantities available for export are also lower. In other words, we must look at what percentage we have exported from the available quantity. According to EC data, for the 2023/24 season, the export of wheat to third countries is 31 Mmt, but their balances are missing about 2 Mmt of ...

Source: Agroportal