Romanian wheat prices rise amid lower EU crop forecasts
Romanian wheat appeared quite competitive for the Turkish importers. Average price of Romanian milling wheat (12%) gained about USD 10/mt w/w up to 248/mt FOB Constanta, it is seasonal maximum.
Last week strong support came from the WASDE report and lower than expected new crop wheat estimates for the EU-27 (-9 MMT y/y). Production decrease is expected in some large exporters, particularly Germany, Romania and Bulgaria.
Romanian 2026 wheat crop is by 2 MMT lower y/y. However, UkrAgroConsult considers this number as very preliminary with initial calculations usually made following the 5-year average yields.
UkrAgroConsult expects the new crop almost on par with last year (about 12 MMT), particularly thanks to higher y/y area with possibility for further upward corrections – depending on the rains in May.
More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea & Danube Grain Market” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!
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