In 2023/24, EU countries significantly reduced imports of rapeseed, sunflower and corn

The European Commission's final data for the 2023/24 fiscal year reveals a notable decrease in the EU's imports of rapeseed, sunflower, and corn, while sunflower oil imports have risen. The EU exported 31 million tons of wheat, primarily to Morocco, Nigeria, Algeria, China, and Egypt. Additionally, the EU continues to be a significant market for Ukrainian agricultural products, with anticipated increases in sunflower oil, rapeseed, and corn supplies in the upcoming season.

The European Commission published the final data on the import and export of products in the 2023/24 FY, according to which the EU countries significantly reduced the import of rapeseed, sunflower and corn, but increased the import of sunflower oil. According to ATREA BROKERS, compared to the previous season, imports to the EU in 2023/24 MR: Exports of wheat from the EU in 2023/24 FY amounted to 31 million tons (31.6 million tons in 2022/23 FY), of which 4.28 million tons were delivered to Morocco, 3.4 million tons to Nigeria, 2.9 million tons - to Algeria, 2 million tons - to China and 1.5 million tons - to ...