The European Union has become an importer of grain

20.11.2018

According to the report released yesterday by the European Commission, after a sharp decline in exports of wheat last week, the EU has remained a net importer of grain in the current marketing year.
 
The Total import of wheat, barley and corn for the first time since the beginning of the season exceeded exports due to the reduction in sales of wheat and low corn prices.
 
Because of the summer drought, grain production in major producing countries decreased, which led to the decrease of export and increase of import of feed grains for livestock.
 
According to preliminary data, the weekly exports of wheat declined to a record low – 83,339 thousand tons.
 
This season, the EU countries exported 6,005 million tonnes of soft wheat, which is 27% lower than in the corresponding period 2017/18 MG, although last week the gap was 24%. The exports of barley amounted to 2,066 million tonnes, which is 6% lower than in the corresponding period 2017/18 MG, as well as the previous week.
 
The import of corn for the week amounted to 469,9 thousand tons, but in the whole season made up 7.13 million tonnes, which is 28% higher than last year.
 
Сompared To the 2017 year soybean imports in the EU increased by 12% to 5.15 million tonnes, while imports of soybean meal decreased by 16% to 6.52 million tonnes, the Import of sunflower decreased by 13% to 156,5 million tonnes, while imports of sunflower oil dropped by 33% to 430,32 thousand tons



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