December 24, 2013

 

Germany's October wheat exports down 14%

 

 

In October, German wheat exports declined 14% as corn shipments slid 67% and barley cargoes more than doubled.

 

Outbound wheat shipments dropped to 792,095 tonnes from 918,730 tonnes in October 2012, Germany's statistics office reported on its website. By value, exports of the grain slid to €171.5 million (US$234.5 million) from €257.7 million (US$353 million).

 

After little change in the prior month and gains in July and August, German wheat exports slumped in October. Export volumes in the first four months of the 2013-14 marketing year are still up 25% from a year earlier at 2.78 million tonnes, the best start to the season since 2009-10, trade data show.

 

Barley shipments from Germany rose to 454,797 tonnes in October from 159,752 tonnes a year earlier. Corn exports were 57,937 tonnes, against 174,643 tonnes in October 2012.

 

Germany's wheat imports gained to 437,742 tonnes from 342,292 tonnes in October 2012, the trade data show. Inbound shipments climbed to 109,890 tonnes from 106,341 tonnes for barley and fell to 194,871 tonnes from 217,367 tonnes for corn.