As EU wheat exports shrink the USA steps in
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CTA. 2004. As EU wheat exports shrink the USA steps in. Agritrade, January 2004. CTA, Wageningen, The Netherlands.
Permanent link to cite or share this item: http://hdl.handle.net/10568/52879
External link to download this item: http://agritrade.cta.int/Back-issues/Agriculture-monthly-news-update/2004/January-2004
The drought in Europe has affected European wheat exports to both north Africa...
The drought in Europe has affected European wheat exports to both north Africa and sub-Saharan Africa . However the USA has largely stepped in to fill the gap. Traditionally the EU has supplied over 40% of sub-Saharan wheat imports (almost 4 million tonnes in 2002). However this year US sales to Nigeria have increased significantly as domestic consumption has expanded, while the worst crop in a decade in South Africa means that its wheat imports are set to reach record levels. Some 300,000 tonnes will be sourced from the USA. Comment: The ease with which the USA stepped into the vacuum left by the EU demonstrates how important it is to remove trade distortions in the cereals sector at the global level, if the economic space is to be left for the development of domestic production in ACP countries.
SubjectsMARKETING AND TRADE;
- CTA Agritrade