As of October 24, the EU’s wheat exports in 2021/22 set a record high in the same period

Foreign media news on October 28: In the first four months of the 2021/22 season (July to June), EU wheat exports may hit a record high in the same period, due to strong demand for milling wheat in North African countries and Asian buyers Imports of feed wheat increased .

 

Preliminary data from the European Commission showed that as of October 24, the export volume of soft wheat from the 27 EU countries this year reached 8.
99 million tons, which was higher than the 7.
23 million tons in the same period last year
.
It should be pointed out that the data only includes part of France's wheat export data, and the actual export volume may be higher
.
According to consulting firm Agritel, EU soft wheat exports may have reached 12 to 12.
5 million tons, including French exports in August and shipment data from September to October
.
French customs data show that in August, France’s soft wheat exports to non-EU member states were 859,000 tons, which was higher than the 345,300 tons in July and 685,000 tons in the same period last year
.
In August, France exported 380,000 tons of wheat to Algeria and 78,000 tons to Côte d’Ivoire
.
Preliminary shipment data show that in September, France exported 806,500 tons of wheat to non-EU member states.
China replaced Algeria as the number one export destination of French wheat, with a quantity of 255,000 tons.
In contrast, exports to Algeria were 202,800 tons
.
This shows that France exported at least 2.
01 million tons of wheat to non-EU member countries from July to September, while the European Commission's data was only 742,000 tons
.
This means that EU wheat exports in the first four months of this year hit a record high.
In contrast, soft wheat exports in the first four months of 2014/15 reached 10.
56 million tons
.

 

　　The decline in Russian wheat exports and high prices have prompted some buyers in North Africa and the Middle East to switch to EU supplies
.
According to data from the European Commission, the amount of wheat exported from the 27 EU countries to Egypt was 1.
01 million tons so far in the 2021/22 season, compared with zero in the same period of the previous year
.
This year, South Korea and Vietnam have become the two major buyers of EU wheat, as the domestic oversupply makes EU feed wheat competitive in the global market
.
So far this year, South Korea has imported 823,000 tons of wheat from the European Union, second only to Algeria and Egypt
.

 

　　Overseas buyers are active in EU wheat and also support Euronext wheat futures prices
.
Recently, Euronext's December milling wheat season is about 285.
50 Euros per ton, higher than the 209 Euros/ton at the beginning of the 2021/22 season, and only 5 Euros lower than the historical record set in March 2008
.