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EU cereal and oilseed production could increase in 2023/24, by 5% and 8% respectively. EU exports of cereals could continue to grow, by about 6% while EU imports of cereals, particularly from Ukraine, are expected to decline by 35% from a historically high level observed in 2022/23. This is due to ongoing work to improve the logistical chains and infrastructures for Ukrainian imports but also to a higher EU domestic production. In particular, lower imports are
expected for soft wheat (-57%), maize (-33%), and barley (-25%), while imports of durum wheat could increase (+30%).
A similar trend is expected for imports or rapeseed and sunflower seeds. Compared to historically high levels of imports in 2022/23, rapeseed and sunflower imports are expected to almost return to pre-2022 levels in 2023/24, and even increase for soya beans. At the same time, EU exports could remain relatively stable. The EU production of oilseed meals is expected to increase with respect 2022/23 by 2.2%, limited by a decline in rapeseed meals (-5%). Exports might improve (9%), especially of soya meals (34%), whereas imports of oilseed meals are expected to decrease slightly, mainly due to reduced rapeseed meals (-33%).
July 14, 2023/ European Commission/ European Union.
https://agriculture.ec.europa.eu
