EU 2022/23 soft wheat exports up 10% on year after weekly jump

Credit: REUTERS/STEPHANE MAHE

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PARIS, Nov 15 (Reuters) - European Union soft wheat exports so far in the 2022/23 season have reached 13.35 million tonnes, now nearly 10% ahead of last year's pace following a large volume last week, data published by the European Commission showed on Tuesday.

The total from the start of the season on July 1 until Nov. 13 was 9.5% above the 12.19 million shipped by the same week in 2021/22.

It also marked a bigger than usual 830,000 tonne weekly increase compared with the running total reported in the Commission's previous report.

EU exporting countries saw brisk demand at the start of the season amid war disruption to supplies from Ukraine and Russia, which traders say is continuing to be shipped. GRAIN/SHP/FR

A breakdown of the EU data showed France remained the leading EU soft wheat exporting country this season, with 5.46 million tonnes shipped, followed by Romania with 1.70 million tonnes, Germany with 1.56 million tonnes, Latvia with 1.14 million tonnes and Poland with 1.07 million tonnes.

The Commission listed the EU's top five soft wheat export destinations by Nov. 6 as follows:

2022/23

2021/22

Destination

tonnes

share

tonnes

share

Algeria

1,881,654

14.1%

2,096,214

17.2%

Morocco

1,727,742

12.9%

208,677

1.7%

Egypt

1,495,729

11.2%

1,200,000

9.8%

Nigeria

996,809

7.5%

750,942

6.2%

Saudi Arabia

720,973

5.4%

391,350

3.2%

EU maize imports so far in 2022/23 were at 10.85 million tonnes, more than double a year-earlier volume of 4.77 million.

Forecasters have been raising projections for EU maize imports, as drought has hit the EU's harvest while a recovery in exports from war-torn Ukraine has improved availability.

Spain was the leading EU maize importer so far in 2022/23 with 4.18 million tonnes, ahead of the Netherlands at 1.19 million, Poland with 907,000, Portugal with 877,000, and Italy with 781,000, the data showed.

The next-largest EU maize importer was Hungary with 632,000 tonnes, in a sign of the drought impact on the regular maize exporter.

The Commission listed the five top maize import origins so far in 2022/23 as follows:

2022/23

2021/22

Origin

tonnes

share

tonnes

share

Brazil

5,699,541

52.5%

2,739,997

57.4%

Ukraine

4,422,673

40.8%

1,314,120

27.5%

Serbia

285,727

2.6%

324,879

6.8%

Canada

139,620

1.3%

182,083

3.8%

South Africa

78,494

0.7%

54,406

1.1%

EU barley exports so far in 2022/23 totalled 2.69 million tonnes, down nearly 39% from 4.38 million a year ago, the data showed.

(Reporting by Sybille de La Hamaide and Gus Trompiz Editing by Mark Potter)

((Sybille.deLaHamaide@thomsonreuters.com; +336 8774 4148;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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