According to the preliminary data, in January 2019/20 Romania exported -26% less wheat compared to the same month in 2018/19. Key buyers were Jordan, South Korea, Israel.
Thus, in July-January Romania exported almost the same volume (0.8% lower) than in the same period last season, but 6% higher than the 5-year average for the country, UkrAgroConsult reports.
In July-January 2019/20 MY higher exports were seen to: Egypt (9% y/y), Jordan (+11%), South Korea, Sudan, Thailand.
Decrease in demand was seen mainly from the EU countries: Spain, Italy, Germany.
UkrAgroConsult estimates Romanian wheat exports at a level that is almost in line with last season and +5-6% higher than the 5-year average.
Positive signals and bullish crude oil price expectations, as well as dwindling supply of palm oil may push up prices of other vegetable oils