Romanian wheat returning to Asian countries

According to port data, Romania exported 6% less of wheat in the first month of MY 2019/20 than in July 2018. Nevertheless, this volume is 18% above the average in the previous three seasons in view of a high crop in 2019. 

Downpours in June-July somewhat slowed the harvesting of winter crops. In addition, due to wet weather, farmers have expressed concerns about the quality of the new crop. A decreased average yield is to some degree offset by higher wheat plantings for 2019, reports UkrAgroConsult. 

July 2019/20 featured a larger export share of feed wheat than in the same month last year, as well as a surge in Asian demand for Romanian wheat owing to attractive price.

The Asian buyers included the following: Thailand, Sri-Lanka, the Philippines and the faraway Japan.

In July, apart from stepping up exports to Asian countries, Romania maintained supplies to a traditional buyer such as Egypt, which purchased as much as in the same month last season. 

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

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