EU more than doubles corn imports in 22/23

Soft wheat exports from the European Union (EU) in the 2022/23 season, which started on July 1, reached 11.54 million tonnes as of October 30, a stable result compared to the same period last year, showed data from the European Commission on Monday, August 31, which also pointed out that corn imports have more than doubled.

This season, total wheat exports compared to 11.4 million tonnes shipped in the same period of the previous cycle.

An analysis of the numbers showed that France remains the greatest exporter of soft wheat in the EU, with 4.4 million tonnes shipped, followed by Romania with 1.6 million, Germany with 1.4 million, Poland with 1 million tonnes, and Latvia with 928 thousand.

Corn imports

Corn imports by the EU in 2022/23 are at 9.5 million tonnes, more than double the previous year’s volume of 4.4 million.

Analysts raised forecasts for EU corn imports as the drought left the bloc with one of its worst harvests on record, while a rebound in exports from war-torn Ukraine improved availability.

See below the track record of the volume of corn (HS 1005) exported from January 2021 to September 2022, according to DataLiner.

Brazilian corn exports to the EU | Jan 2021 – Sept 2022 | WTMT

Source: DataLiner (click here to request a demo)

Spain has been the top corn importer so far in 2022/23 with 3.7 million tonnes, ahead of the Netherlands with 1 million tonnes, Poland with 829,000, Portugal with 806,000, and Italy with 664,000, the data showed.

Brazil remains the lead as the largest supplier of corn to the bloc, filling the supply gaps left by Ukraine.

Source: Forbes

To read the full original article, please go to: https://forbes.com.br/forbesagro/2022/10/importacao-de-milho-pela-ue-mais-que-dobra-em-22-23/

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