EU: Import-export of grains, oilseeds, vegetable oil, meal as of 06/16/24

Published Jun 20, 2024

Tridge summary

The European Union's soft wheat exports for the 2023/24 season reached 29.15 million tons by June 16, marking a 5% decrease from the previous year. Barley exports also fell by 12% to 5.59 million tonnes. Incomplete data from France, the EU's largest wheat and barley exporter, suggests underreporting, with traders estimating French soft wheat exports at around 10 million tonnes by June 30. The EU forecasts French barley exports at 3.20 million tonnes, while FranceAgriMer predicts 3.8 million tonnes. Additionally, data for Bulgaria and Ireland have been incomplete since the start of 2023/24. EU corn imports dropped 31% to 17.97 million tons compared to the previous year.

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

Original content

Exports of soft wheat from the European Union since the start of the 2023/24 season in July last year reached 29.15 million tons by June 16, down 5% from a year earlier. EU barley exports totaled 5.59 million tonnes, down 12% on the corresponding period in 2022/23. The EC report said export data from France, the EU's largest wheat and barley exporter, had been incomplete since the start of 2024. France's soft wheat exports outside the bloc this season totaled 8.46 million tonnes, according to the latest EU report. Traders believe the data underestimates the volume by about 1 million tonnes, with many forecasting in France that the season will end on June 30 at around 10 million tonnes. The EU forecasts French barley exports at 3.20 million tonnes in 2023/24. Farm body FranceAgriMer last week predicted the country's barley exports ...

Source: Oilworld