BRUSSELS, BELGIUM — The value of EU exports of cereals, oilseeds and protein crops and vegetable oils dropped in January due to reduced volumes, according to a report from the European Commission.

Cereal exports had the largest reduction in value with a drop of €466 million ($533.5 million), or 37%, compared to January 2024, mainly due to lower volumes of wheat and corn.

Exports of oilseeds and protein crops decreased by €52 million, or 22%, due to reduced volumes. Vegetable oils also decreased by €40 million, or 17%, due to reduced volumes.

Overall, EU agri-food exports reached €19 billion, an increase of 4% from January 2024. The UK was the top destination followed by the United States and Switzerland.