Romania. Corn export potential is almost 2 times lower

24.11.2016

UkrAgroConsult revised down its estimate of Romanian 2016/17 corn crop to 8750 KMT (-500 KMT compared to previous forecast).  Excessive air temperatures and lack of rains in the key producing regions of Romania (South and South-East) during the grain filling period provoked second in a row disastrous corn season in Romania.

Still, this estimate remains higher than 2015 corn crop due to high and locally record high yields in the Western and South-Western parts of Romania. Here precipitations amount corresponded and in some places (bordering with Hungary) exceeded multiyear norms.  

UkrAgroConsult decreased export forecast for 2016/17 by 500 KMT due to the lower corn supply which is estimated below the 5 year average for Romania.

Further prospects of the Black Sea grain market in the upcoming 2017/18 season will be discussed at the XIV International Conference “Black Sea Grain: Wind of Change”, which will take place on April 5-6, 2017 in InterContinental hotel, Kiev, Ukraine.

Black Sea Grain conference is large international platform, offering high quality market analysis and networking opportunities for the global leaders of grain and oilseed industry. The event is annually attended by over 800 agribusiness representatives from more than 400 companies and 50 countries worldwide.

 

UkrAgroConsult

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