Romania increased its corn exports by 30%

28.02.2018

Over September-January 2017/18 Romania increased corn exports to almost 2.2MMT (+30% y/y), or 94% of the total volume of corn exported via port last season.

Spain almost tripled purchases of Romanian corn due to decrease in Spanish corn crop. Last season Egypt was number one on that list, but over the reporting period Egypt was not among the importers of Romanian corn.

Second largest buyer is Italy, which imported seven times more corn from Romania due to the same reason as Spain. Higher import activity is seen from Lebanon and Portugal.

Turkey is the bright spot of the current season, which partially compensate for the loss of Vietnamese and Iranian markets, reports UkrAgroConsult.

In January 2018 Romanian traders shipped by 40% more corn than in January 2017.

 

UkrAgroConsult

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