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Are European exports shrinking?

Износът от Европа се свива?
European Union exports of common wheat fell 11 percent to 15.84 million tonnes since the start of the 2023-24 season in July compared with a year ago, Reuters reported, citing European Commission data.

Commission figures as of 7 January show that Romania is still the biggest soft wheat exporter to the EU so far in 2023-24 with 4.07 million tonnes shipped, followed by France with 3.36 million, Poland with 2, 34 million, Bulgaria with 1.67 million and Lithuania with 1.49 million.

EU wheat exports this season have been limited by strong Russian competition, including in Algeria, although the gap with last season has narrowed in recent weeks, partly reflecting French supplies to China.

According to the Commission, the top five EU soft wheat export destinations so far in 2023-24 are Morocco (2.24 million tonnes), Nigeria (1.54 million), Algeria (1.37 million), Egypt (1.28 million) and South Africa (796,282).

EU barley exports stood at 3.17 million tonnes, up 3% from 2022-23, while EU maize imports were 9.03 million tonnes, down 43% from a year earlier . In terms of maize imports, Spain remains the biggest buyer in the EU so far in 2023-24 with 3.95 million tonnes.

As trade in Europe falters, cargo turnover through Ukrainian ports on the Danube River will reach a historic peak in 2023, Ukrinform news agency reported on Tuesday, citing Yuri Lytvyn, head of the Ukrainian Sea Ports Authority (USPA).

"Over 29 million tons of cargo passed through the Danube ports in one year," marking an almost six-fold increase compared to the period before the ongoing crisis in Ukraine, Lytvyn said.

Last year, a total of 13,045 ships entered Ukraine's Danube ports, compared with 8,944 ships in 2022, the official said.

In 2023, 23 transshipment points were created in the Danube ports, he said, adding that the USPA plans to implement 15 new investment projects in two ports on the river.

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