Romania, record wheat volume exported in March 2017. Egypt, Vietnam – key buyers

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Last March, Romania exported 627 KMT of wheat, 64 percent higher than the record achieved in March last year (383 KMT), reports UkrAgroConsult. Morocco, Egypt, Jordan, UAE, Sudan, and Turkey are the key buyers

Thus, since the beginning of 2016-2017 (July-March) Romania exported 5970 KMT of wheat, which was 70 percent higher than over the same period last season (3465.5 KMT) due to additional imports from Hungary and Bulgaria this season.

In the reporting period Vietnam remained key buyer of Romanian wheat – 838 KMT against 62 KMT over July-March 2015- 2016. Current exports to Egypt are now ahead of last year – 983 KMT against 927 KMT.

Meanwhile, Egypt’s state grain buyer GASC bought another 60,000 tonnes of Romanian wheat origin in an international purchase tender for 180,000 tonnes of wheat, including 120,000 tonnes of Russian wheat, beating out the U.S. offer.

60,000 tonnes of Romanian wheat were presented by ADM for USD 201.56 per tonne on a cost and freight basis.

The five lowest priced offers after accounting for shipping costs were all for Romanian and Russian wheat, origins that dominated last year’s GASC tenders.

The last purchase tender saw the first sale of U.S. wheat to GASC in more than two years, but traders said U.S. sales were likely to be short-lived, and only until Black Sea region supplies become more abundant in July when their harvests arrive at export ports.

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