Posted on May, 29, 2024 at 08:48 am
The European Commission is up to date in compiling weekly figures on European Union exports and imports of cereal and oilseed crops, after repeated delays due to a technical problem, an official at the Commission told Reuters.
The Commission did not publish the data for six weeks from early April to mid May before resuming coverage last week when it released figures that went up to May 3.
The EU is collectively one of the world's largest exporters of wheat and barley while a major importer of maize and oilseeds, making the data disruption a headache for market participants tracking global supply and demand.
By catching up on the remaining backlog, the Commission should be able to resume its normal practice of publishing on Tuesday at 4 p.m. (1400 GMT) figures that run up to the preceding Sunday.
The repeated delays were caused by a software change and the issue is now resolved, the official said.
The EU export and import data is nonetheless still lacking some figures that have not been submitted by certain member countries.
The Commission remained in contact with those members to resolve technical issues at the country level, the official added.
Source: XM