EU wheat exports to third countries over the July 01, 2016-April 25, 2017 period were 22% down on year, partly as a result of a significantly lower output.
The export surplus declined significantly because of the referred drop in crop output. Milling wheat qualities are much weaker in volume this MY because of the poor quality of the French crop.
EU Wheat Surplus to Third Countries as of April 25, 2017 (2016-17 MY Vs 2015-16 MY)
Source: EU Commission/Own Estimates
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EU Wheat S&D Table
Source: EU Commission/Cocereal/IGC/Trade Press/Own Estimates
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EU-28 Feed Wheat Vs Milling Wheat Output
Source: Trade Press/Own Estimates
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Germany is the country with the largest export surplus available to third countries. Conversely, Italy is the market with the largest volume of wheat import needs from third countries.
EU Wheat Export Surplus (Third Countries) as of April 25, 2017. (2016-17 MY)
Source: EU Commission/Own Estimates
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EU Wheat Import Needs (Third Countries) as of April 25, 2017. (2016-17 MY)
Source: EU Commission/Own Estimates
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EU Soft Wheat Plantings. 2015-16/2016-17/2017-18 MY
Source: Cocereal/Trade Press/Own Estimates (2017-18MY)
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EU Soft Wheat Production. 2015-16/2016-17/2017-18 MY
Source: Cocereal/Trade Press/Own Estimates (2017-18MY)
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Winter Grains Frost Kill as of Feb 11, 2017
Source: MARS
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