EU cereals, oilseeds export values plunge
The value of EU exports of cereals, oilseeds and protein crops and vegetable oils dropped in January due to reduced volumes, according to a report from the European Commission.
Cereal exports had the largest reduction in value with a drop of €466 million ($533.5 million), or 37%, compared to January 2024, mainly due to lower volumes of wheat and corn.
Exports of oilseeds and protein crops decreased by €52 million, or 22%, due to reduced volumes. Vegetable oils also decreased by €40 million, or 17%, due to reduced volumes.
Overall, EU agri-food exports reached €19 billion, an increase of 4% from January 2024. The UK was the top destination followed by the United States and Switzerland.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Jordan buys 50 thsd tons of barley in tender
Ukraine introduces priority rail and port transportation for edible oils
Palm oil prices in Malaysia decline after reaching four-week high
EU nitrogen fertilizer prices remain 45% above 2024 levels despite cheaper imports
Greece to begin biomethane production for transport sector for the first time
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon