Sunflower seed price down 500-600 lei per tonne since mid-September
Grain exports from Moldova have nearly stalled, and shipping via the Danube and the port of Constanta now costs far more than last year.
Written later, from the reports of that day.
What it means for you
If you are a farmer, sunflower seed now sells for less than a month ago: 9,200 to 9,600 lei per tonne at Giurgiulesti. Rija estimates the blockage could last until January or February at the earliest. Prices in the north will stay low while transport to the port costs so much.
What happened
Economist Iurie Rija says Moldova's grain exports have almost stopped, although the harvest is large. He blames the low level of the Danube, the renewed conflict in the Black Sea, customs queues and congestion at the port of Constanta. Traders hold about 70,000 tonnes of contracted grain that has not left the country.
In short
- Freight on the Giurgiulesti to Constanta route reached 43 dollars per tonne, against 17 to 18 euro last year.
- The Danube fell to 3.99 metres on 6 October, which sharply limits the number of barges.
- Wheat sells for 3,500 lei per tonne at Giurgiulesti and 2,650 to 2,700 lei in the north.
- Corn is priced at 3,500 to 3,600 lei per tonne at Giurgiulesti, above wheat.
Original sources
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