April 27, 2023

EU wheat exports reach 25.02 million tonnes

Data released by the European Commission on Wednesday showed that soft wheat exports from the European Union had reached 25.02 million tonnes by April 22 in the 2022/23 season, up 10% from 22.81 million the previous year, Nasdaq reported.

So far in 2022/23, EU barley exports totaled 5.09 million tonnes, a 23% decrease from 6.65 million the previous year.

Corn imports into the EU were 22.65 million tonnes, 72% higher than a year ago, while wheat imports were 7.39 million tonnes, 243% higher than the previous year.

Total EU cereal imports were 90% higher than a year ago, at 33.85 million tonnes, but remained below total exports of 36.18 million tonnes, down 7% year-on-year.

Following a drought-stricken harvest in the EU last year, cereal imports have increased. The influx of grain from war-torn Ukraine has sparked outrage in some eastern EU countries, which are negotiating a halt in direct imports with the Commission.

-      Nasdaq