EU countries significantly reduced imports of rapeseed, sunseed and corn in 2023/24 MY

The European Commission has released the final data on imports and exports for the 2023/24 marketing year, showing a decrease in the import of rapeseed, sunflower, and corn, but an increase in sunflower oil. The EU exported 31 million tonnes of wheat, with a significant amount going to North African countries and China. The EU remains a major market for Ukrainian agricultural products, and there is expected to be an increase in supplies of sunflower oil, rapeseed, and corn from Ukraine.

The European Commission has released the final data on imports and exports in 2023/24 MY, according to which the EU countries significantly reduced imports of rapeseed, sunflower and corn, but increased imports of sunflower oil. According to ATREA BROKERS, in 2023/24 MY compared to the previous season, the imports to the EU of the following crops In 2023/24 MY, the EU exported 31 mln tonnes of wheat (31.6 mln tonnes in 2022/23 MY), including 4.28 mln tonnes to Morocco, 3.4 mln tonnes to Nigeria, 2.9 mln tonnes to Algeria, 2 mln tonnes to China and 1.5 mln tonnes to Egypt. It should be noted that the EU remains the main ...