High quality requirements for milling wheat may put pressure on Romanian prices

UkrAgroConsult

Over the week (October 16-23) the price of Romanian milling wheat (12%) continued to go down (-USD 5/mt), averaging USD 283/mt FOB Constanta (USD +50/mt y/y), following CBOT and MATIF.

Source: UkrAgroConsult database AgriSupp

At the regional level, market participants focused on improved seeding conditions for the next winter crop. Moreover, rains should benefit the water levels and ship movement in Rhein and Danube rivers.

Romanian farmers (particularly western part) are widely speaking about the plans to reseed the rapeseed with winter wheat and barley. Rains should allow them make profits from winter grains, which should give higher average yields. This is a good precondition for Romania to receive another record production of these crops in 2027.

Local prices for milling wheat at CPT basis retreated from the seasonal peaks, losing about EUR 8/mt over the past week, while barley kept firm (EUR 225/mt CPT) due to lower number of sellers on the market.

In the wheat segment local market participants mention competition from Ukrainian grain, which is present in the ports of Romania and put pressure on local grain prices.

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Tags: Romania, wheat, flour