EU milling wheat exports fall by a third

Published 2024년 10월 30일

Tridge summary

From July 1, 2024, to October 25, 2024, EU countries experienced a significant decrease in milling wheat exports by 33% compared to the previous season, totaling 7.586 million tons. The largest buyers included Nigeria, Egypt, Morocco, Great Britain, and Algeria. Wheat flour exports also saw a decrease of 30%, while durum wheat exports more than doubled. The US Department of Agriculture reported a 9% decrease in the gross harvest of soft and durum wheat in the EU, making it the lowest since the 2007/2008 season, and projected that wheat exports could be 21% lower than the previous season and 14% below the average of the last five seasons due to crop failure.
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 October 25, the EU countries exported 7.586 mln tons of milling wheat, which is 33% less than for the same period last season. The largest buyers of soft wheat of European origin were Nigeria (1,169.4 thousand tons), Egypt (691.7 thousand tons), Morocco (552.2 thousand tons), Great Britain (521.8 thousand tons) and Algeria (450.7 thousand tons). Wheat flour exports for the seventeen weeks of the season decreased by 30% to 111.0 thousand tons in grain equivalent. Exports of durum wheat increased two and a half times to 164.0 thousand tons. The export potential of European wheat in the current season has been strongly reduced due to crop failure. According to the US Department of Agriculture estimates, the gross harvest of soft and durum wheat in the EU fell to 123 million tons, which is 9% less than last season and is the lowest since the 2007/2008 season. For the entire season, the EU may export, according to the U.S. ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
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.