Greece cut grain exports from Bulgaria to Hungary, at 360 euros per corn

Published 2022년 3월 9일

Tridge summary

The article provides an overview of the current situation in the European cereals market, heavily influenced by the ongoing war in Ukraine and the resulting impacts on production and exports. It highlights the challenges faced by countries like Bulgaria and Hungary, which have seen restrictions on cereal exports to protect their domestic markets from soaring prices. Bulgaria, a key supplier of corn to Greece, is considering further limitations to mitigate the effects of high prices on its internal market. The article also notes the effects of the conflict on fertilizer prices and spring sowing in Ukraine, and the efforts of the Ukrainian state railway to export grain to neighboring countries. The Ukrainian government's ban on various exports, including barley, is expected to affect European market prices. Greece, dependent on imports for most of its wheat needs, is looking for alternative sources and faces potential shortages. The situation is further complicated by the war's impact on the availability of Russian wheat, which makes up a significant portion of Greece's imports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Cereals exports to Bulgaria and Hungary cut, 360 euros for corn With these prices, the negotiations took place until the closing of the French market on Tuesday, March 8, which more or less functions as a key shaper of the individual markets of Europe. With the war in Ukraine running out of its second week and with no convincing signs of a ceasefire on the horizon, de-escalation in the markets remains the least realistic scenario, in a situation that has turned the eyes of the markets to the inability to sow spring crops in Ukraine. This development is being read in parallel with the high cost of fertilizers which raises concerns for production in the rest of Europe's agricultural production areas. Apart from the upward trend, which preceded the Russian invasion on February 24, the key new element of the markets is the export restrictions, with Hungary already expressing its intention, while Bulgaria, the main supplier of corn to Greece, oriented in this direction in order to ...

Source: GRAgronews