The EU has multiplied its purchase of Russian grain by 10

Grains, Cereal & Legumes

Russia

Market & Price Trends

Published Feb 22, 2024

Tridge summary

In 2023, Russia's grain exports to the EU have seen a significant rise, with a monthly increase of 22% and a year-on-year increase of tenfold. The majority of this grain, 75%, is imported by Spain and Italy. Despite this surge, Ukraine continues to be the primary grain exporter to the EU, although its exports have dropped by 20% from the previous year. Other notable grain suppliers to the EU include Brazil and Turkey.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Russia increasingly sells more grain to the EU. In 2023, purchases of Russian cereal increased by 22% per month and 10 times during the year, according to Eurostat data and analyzed by Toño Catón, Director of Herbaceous Crops of Agri-Food Cooperatives. Since the start of the 2023/24 campaign, which began on July 1 and until December 1, Russia has exported 2.23 Mt of cereals and legumes to the EU, which is more than double that of the same period. of the previous campaign, when it reached 968,000 t. Spain has been the main buyer of Russian wheat, purchasing 40% of the total. It imported 850,000 t, multiplying by almost 9 the 96,000 t it imported in the same period of the previous campaign. It has also been the largest buyer of peas, with 571,000 t. Italy has multiplied its purchases of Russian wheat by almost 8, going from 205,000 tons to 812,000 tons. It is the second Community importer of Russian grain, with 35% and the largest buyer of durum wheat with 583,000 t. Spain and Italy ...

Source: Agrodigital