Romania. 2017/18 grain export summaries

21.08.2018

Wheat. In July-June 2017/18 Romania exported 15% less wheat than the record shipments of the previous season. Exports were down on steep decrease on Vietnamese and Moroccan destinations as a result of tough competition from Russia and France. High demand from EU countries - Spain and Italy, partially compensated this slowdown. Moreover, we can see higher interest from African countries.

In 2018/19 MY we expect Romanian wheat export potential to decrease due to lower production of wheat. Though, lower crop in Germany and some EU importers as well as weaker competition from Russia create another good year for Romanian wheat exporters.  

Barley. Romania increased exports of barley by 33% in the July-June 2017/18 season compared to the previous season thanks to the higher demand from Saudi Arabia. As a rule, this country is responsible for more than 50% in Romanian barley exports.

In 2018/19 Romanian barley export potential is seen lower due to decrease in sowing area and excessive rains during harvesting campaign.

Corn. In September-June 2017/18 Romania boosted corn exports by 31% compared to the same period of 2016/17. Lack of Egyptian purchases this season is fully compensated with robust demand from EU countries.

Considering improving prospects of corn crops in Ukraine and the USA, neighboring EU markets will remain vital for Romanian corn traders in the new season. UkrAgroConsult estimates Romanian corn export optimistically enough. This will be as a result of higher corn crop.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior as well as on crop conditions and progress in harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Grain" by UkrAgroConsult.

 

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