Spain was the destination of more than 40% of community cereal imports in 2023/24

Published 2024년 7월 18일

Tridge summary

The European Commission's data reveals a 16.2% decrease in community imports of cereals in the 2023/24 campaign, totaling 33.8 million tons. Spain was the largest importer, receiving 43% of this volume. The reduction in imports is primarily due to a recovery in community production, which increased to 62.7 million tonnes in 2023/24. Ukraine and Brazil were the leading suppliers of corn and common wheat, respectively. Although community exports to third countries saw a slight decrease, Morocco, China, and the UK remained key recipients. The European Commission anticipates a further increase in production in the 2024/25 campaign, which could lead to a reduction in imports and a slight increase in exports.

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

Original content

Community imports of cereals registered a drop of 16.2% in the 2023/24 campaign (which ended on June 30) compared to the previous one and stood at 33.8 million tons, according to data from the European Commission. Of that volume, around 43% was destined for Spain, which imported 14.7 million tons from third countries and was the largest importer of grain in the EU. Spain was the main importer of common wheat (5.6 million tons), barley (875,064 tons), corn (7.8 million) and rye (124,896 tons). The decrease in Community grain imports was mainly due to significantly shorter corn purchases due to the recovery of Community production, which in 2023/24 stood at 62.7 million tonnes, according to Brussels estimates, compared to to just over 53 million in 2022/23. Ukraine remained the leading supplier of corn to the community market, with 13.3 million tons (close to 70% of the total), despite a decrease compared to the previous campaign (15.2 million tons). Inflows from Brazil fell much ...

Source: Agropopular