Romanian companies signed export contracts with delivery in January-March last autumn, after harvest, while they used to deliver in the last few months of the year until then.
“The increase can also be accounted for by the positions of foreign traders. There were times last September when I tried to sell, and foreign traders were covered until this February,” explains Victor Beznea, general manager of Nidera, one of the biggest traders domestically.
Overall, the value of exports of wheat, corn, rapeseed, barley and sunflower doubled in the first three months of this year to EUR280 million, according to with Agriculture Ministry data.
The high exports of corn or sunflower are a first indication the two commodities are still in demand on international markets even though prices have hit levels some analysts see as unsustainable.