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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:
Situation and Outlook: Comwmentary and Current Data
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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Data in this report is available in both Adobe Acrobat and Lotus 123 formats. You may need to Get the Adobe Acrobat Reader. |
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