Bulgaria is in the top 5 wheat exporters to Egypt in 2024

European wheat exports have seen a significant decrease of 36% compared to the previous year, with a particular drop in bread and flour wheat. Romania and Lithuania have been the leading exporters, with Nigeria, Morocco, and the UK being the main importers. Meanwhile, Russia's wheat export volume is projected to decrease to 40-41 million tons due to negative profitability for exporters and falling wheat prices on the world market. In contrast, Egypt's wheat imports have increased by 36.8% in 2024, with 74% of these imports coming from Russia, making Bulgaria the fourth largest wheat supplier to Egypt in the same year.

In short: • European exports continue to lag • Bulgaria is in the top 5 wheat exporters in 2024 to Egypt Since the beginning of the current season, EU countries have exported 14.7 million tons of wheat and wheat products, which is 36% less than the same period last year. In particular, bread wheat exports have decreased by 37% and flour - by 30%. On the other hand, durum wheat supplies are increasing by 2%. Among EU countries, Romania has become the export leader, having so far exported 4 million tons of soft wheat and 113 thousand tons of durum wheat, followed by Lithuania (2 million tons). The main importers of European soft wheat are Nigeria (2.1 million tons), Morocco (1.6 million tons), the United Kingdom (1 million tons), Algeria and Egypt (with 1 million tons each). The main buyers of durum wheat are Tunisia (181 thousand tons) and Algeria (113 thousand tons). According to current forecasts, wheat exports from Russia in the current agricultural season (July 1, ...