December 1, 2022

Soft wheat exports from the EU 3% up year-on-year at 13.89 million tonnes

Weekly data published by the European Commission showed the European Union's soft wheat exports for the 2022/23 season beginning July 1 reached 13.89 million tonnes by November 27, 3% higher compared to the 13.45 million reached in the same week in the 2021/22 season, Nasdaq reported.

The year-on-year increase has shrunk from 10% two weeks ago, although traders anticipate that talk of significant French sales to China will boost 2022/23 exports in the coming weeks.

With 5.65 million tonnes shipped this season, France continued to be the top exporter of soft wheat to the EU, followed by Romania with 1.81 million tonnes, Germany with 1.57 million tonnes, Latvia with 1.19 million tonnes, and Poland with 1.11 million tonnes, based on a breakdown of the EU data.

12.12 million tonnes of maize have been imported into the EU so far in 2022–2023, a 130% increase over the 5.27 million tonnes imported the year before.

Maize imports into the EU have been driven by a drought-affected harvest in the EU and a recovery in exports from the war-torn Ukraine.

According to the data, Spain has imported 4.58 million tonnes of maize into the EU so far in 2022–2023, followed by the Netherlands (1.37 million tonnes), Poland (1.02 million tonnes), Portugal (959,00 tonnes), and Italy (897,000 tonnes).

-      Nasdaq