Romanian corn exports are 48% lower than last year

26.08.2016

According to UkrAgroConsult data, in May 2016 Romania exported 254.3 KMT of corn (139.1 KMT in the previous month), which is 48% lower compared to record high exports of May 2015 (486.4 KMT). Spain, Belgium, Netherlands and Lebanon were top buyers of Romanian corn in May 2016.

Over September-May (2015/16) Romanian corn exports are 48% behind the volumes exported over the same period of 2014/15 (2697 KMT against 4978 KMT). Due to lower EU corn crop this season share of EU countries in the Romanian corn export structure grew to 69% (53% over the same period of 2014/15).

Impressive decrease in exports was observed in the destination of Egypt – (96.5 KMT against 453.8 KMT). Also, a complete loss of South Korean market is noted this season, which bought 600 KMT over the same period 2014/15.

Updated Romanian corn supply and demand balances are available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.

 

 

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