The EU-27 the major participants of the world grain

The EU-27 is considered as one of the major participants of the world grain market. In the current MY, the European Union produced 312 mln tons of grains, and plans to export over 26 mln tons, including 19.5 mln tons of wheat, according to the data of the USDA. At the same time, the EU still remains one of the traditional consumers of Ukrainian grains. In the current MY (July-February), the markets of the European Union countries imported 3.71 mln tons of Ukrainian grains, including 3 mln tons of wheat, which totals nearly 50% (from the forecasted volumes of the USDA) of wheat imports to the EU. Thus, the EU simultaneously represents towards Ukraine both as a stable consumer and a competitor-supplier of grains.