EU milling wheat exports fall by a third
From the beginning of the current season (July 1, 2024) to October 25, the EU countries exported 7.586 mln tons of milling wheat, which is 33% less than for the same period last season.
The largest buyers of soft wheat of European origin were Nigeria (1,169.4 thousand tons), Egypt (691.7 thousand tons), Morocco (552.2 thousand tons), Great Britain (521.8 thousand tons) and Algeria (450.7 thousand tons).
Wheat flour exports for the seventeen weeks of the season decreased by 30% to 111.0 thousand tons in grain equivalent.
Exports of durum wheat increased two and a half times to 164.0 thousand tons.
The export potential of European wheat in the current season has been strongly reduced due to crop failure. According to the US Department of Agriculture estimates, the gross harvest of soft and durum wheat in the EU fell to 123 million tons, which is 9% less than last season and is the lowest since the 2007/2008 season. For the entire season, the EU may export, according to the U.S. Department of Agriculture, 30 million tons of wheat, which is 21% less than last season and 14% less than the average for the last five seasons.
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