Grain: World Markets and Trade
Foreign Agricultural Service Circular Series
Trade Impacted by
Changing Policy and Market Conditions
|Changing EU import
policy and good weather conditions in North Africa are the primary reasons
why world wheat imports will drop by nearly 7.0 million tons in 2003/04.
EU wheat imports are forecast to fall by more than 5.0 million tons (50
percent) in 2003/04. A Tariff Rate Quota implemented in January 2003
limits imports of low quality wheat. Much of the quota in 2002/03 was
filled by Russia and Ukraine, but exportable supplies from these countries
in 2003/04 are limited. While imports of hard spring wheat, generally not
produced in Europe, and durum somewhat depend on the quality of the German
crop, imports of high quality wheat are expected to be in the 2.5-3.0
million ton range.
Favorable weather conditions have boosted wheat production in Algeria, Morocco, and Tunisia. Consequently, imports are expected to drop by 26 percent (3.6 million tons) to 13.7 million tons, the lowest level since 1991/92. Morocco’s imports will fall 1.7 million tons to 1.0 million tons due to more wheat and barley production and better pasture conditions. In Algeria, imports will decline by 0.8 million tons to 4.0 million tons, while Tunisia’s imports will fall 1.1 million tons to 0.8 million tons. Buyers in this region will reduce imports as millers and livestock producers use domestic crops and forage supplies.
Complete Grain Report in PDF: Text and Tables
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
Notice to readers:
The Grain: World Markets and Trade circular series no longer includes a printed version of the Historical Data Series for Selected Regions and Countries. Beginning with the January 2003 publication, these historical tables will be available only electronically. The historical tables, along with an electronic version of the Grain: World Markets and Trade circular are available via the FAS website (http://www.fas.usda.gov/grain/). The printed version of the circular will continue to include the Summary Tables and the Situation and Outlook reports.
General Footnotes for Grain Tables
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Last modified: Thursday, November 13, 2003