RATIN

Are UK grain imports slowing? Grain market daily

Posted on April, 21, 2025 at 11:49 am


On Friday, the latest UK trade data was published by HMRC, including figures up to the end of February. As has been well reported, shorter domestic grain supplies this season, as well as a strengthening sterling, saw a particularly strong pace of wheat and maize imports for the first half of this marketing year (2024/25). However, as we progress towards the end of the season, and with less competitive imports, are we seeing pace slow in line with expectations?

Wheat imports (incl. durum wheat) totalled 2.16 Mt from July – February, up 50% on the same period last year, and up 78% on the five-year average. However, for the first time this season, monthly imports fell below 200 Kt, at 194.6 Kt in February. This is well below the average monthly pace of 269.7 Kt for this season so far.

In March, AHDB estimated that full-season wheat imports would reach 2.70 Mt.  As such, in order to reach this estimate, imports would need to average 135.6 Kt a month for the remainder of the season. With the majority of imports expected to be of milling quality, reports that suggest importers ‘front loaded’ stocks, and the fact that millers are now well supplied, means it is likely we will see pace pull back further, in line with expectations.

Season-to-date (Jul-Feb) maize imports totalled 1.99 Mt, up 12% on year earlier levels, and 19% on the five-year average. In March, AHDB estimated full-season imports would total 2.65 Mt. To reach this figure, the import pace would need to average 165.4 Kt, well below the 260.8 Kt imported in February.

The flow of imports over the next few months will remain a key focus for the domestic supply and demand balance, and will impact how much grain we carry into the new season. Focus now also turns to new crop expectations in the UK, and what this will mean for import requirements in the 2025/26 season.

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Source: AHDB