News

Elizabeth Gilbert

Apr 25, 2024

EU Grain Imports Witness 23% Decline: Ukraine and Russia Maintain Key Supply Role

EU Grain Imports Witness 23% Decline: Ukraine and Russia Maintain Key Supply Role

The European Union grapples with a notable downturn in grain imports, marking a 23% decrease compared to the previous season. From the onset of the current season until March 27, EU nations imported a total of 25.0 million tons of grain, reflecting shifting dynamics in global trade patterns.

Ukrainian Dominance in Soft Wheat, Corn, and Barley

Continuing the trend from the prior season, Ukraine emerges as a pivotal supplier of soft wheat, barley, and corn to the EU. Notably, Ukraine contributed 5.1 million tons of soft wheat, constituting 70% of the total soft wheat imports, alongside 9.1 million tons of corn (67%) and 0.7 million tons (48%) of barley. The nation's significant role underscores its enduring influence on EU grain markets.

Turkish Influence in Durum Wheat

In the domain of durum wheat, Türkiye solidifies its position as the largest supplier to the EU, furnishing 700.2 thousand tons, representing 34% of total durum wheat imports. This substantial contribution underscores Türkiye's integral role in meeting the EU's durum wheat demands.

Russian Contributions Across Multiple Grains

Russia, a prominent player in global grain trade, maintains its stature as a key supplier to the EU across various grain types. Noteworthy imports from Russia include 437.1 thousand tons of durum wheat, 318.7 thousand tons of soft wheat, 273.0 thousand tons of corn, 181.5 thousand tons of rye, 59.1 thousand tons of barley, and 2.3 thousand tons of sorghum. Russia's diverse contributions underscore its significance in fulfilling the EU's grain requirements.

As the EU grapples with a significant reduction in grain imports this season, the roles of Ukraine and Russia stand out prominently in sustaining the region's grain supply. Despite the decline in overall imports, these key suppliers continue to play vital roles in meeting the EU's grain needs, shaping the landscape of regional agricultural trade.

Souce:Ukragroconsult
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