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German Monthly Wheat Exports More Than Double to Two-Year High

Germany’s wheat exports, the European Union’s second-biggest, more than doubled in October from a year earlier as the country shipped the most in a single month since June 2010.

Exports rose to 899,239 metric tons from 338,943 tons in October 2011, the statistics office reported on its website. The value of shipments rose to 252.3 million euros ($335.2 million) from 80.5 million euros in the year-earlier month, according to the data.

The shipments were the highest for an October month since 2008, when Germany exported 1.23 million tons of wheat in the same period. Farmers in the country, which ranks behind France in production and exports, lifted winter-wheat planting by an estimated 7.1 percent to 3.097 million hectares (7.65 million acres), the ministry said today.

Exports of wheat in the 2012-13 marketing year that started July 1 amounted to 2.2 million tons, compared with 1.74 million tons in the year-earlier four-month period and compared with 2.73 million tons at the same time in 2010-11, based on data from the statistics office.

October wheat imports were 307,438 tons, compared with 434,432 tons a year earlier.

Germany’s monthly barley exports slipped to 148,338 tons from 171,963 tons in the year-earlier month, while corn shipments rose to 153,362 tons from 111,949 tons in October 2011, the data show.

To contact the reporter on this story: Rudy Ruitenberg in Paris at rruitenberg@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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