December 2001 Edition
EU Changes Impact
Global Wheat Markets
Net EU wheat trade (exports less imports) is
expected to drop 4.5 million tons from year earlier levels as a
result of the EU attempts to dampen domestic prices.
With a dramatically smaller crop and little demand for relatively high priced unsubsidized EU wheat competing with unusually abundant supplies of cheaper FSU and Eastern European supplies, exports are currently estimated down 30% from just two years ago.
Falling import duties and relatively high internal EU prices have stimulated the flow of wheat into the EU. This is expected to cause more imports of high quality Canadian and U.S. wheat as well as SRW which has been imported for the first time in 30 years. Additionally, the EU has eliminated the special duty on the import of nearby (largely Black Sea) supplies.
Complete Grain Report in PDF: Text and Tables
Foreign Countries' Policies and Programs:
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Comwmentary and Current Data
Historical Data Tables: Selected Regions and Countries
Note on Expansion of the World Trade Organization: This report presents current expectations with respect to the accession of China and Taiwan to the World Trade Organization. Today's forecasts reflect economic factors and supply and demand conditions that are expected to develop in a generally freer global trade environment. Measures implemented by the new members addressing WTO obligations will be considered as they evolve.
General Footnotes for Grain Tables
Grain and Feed Contact List
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