Wheat from Bulgaria and Romania is cheaper than that offered in Russia and France

Published 2024년 6월 24일

Tridge summary

Wheat prices in the European Union, particularly in countries bordering the Black Sea, are lower due to a rich harvest in the region. The main wheat from Romania and Bulgaria is priced lower than that from France and Russia, with Russia's harvest expected to be over 10% lower due to cold weather and France's farmers facing heavy rains. Meanwhile, Romania anticipates a record harvest of 10.5 million tons for 2024-2025, and Bulgaria expects a harvest of about 6 million tons. Egypt's state buyer has recently purchased Romanian and Bulgarian cargoes, making them a competitive export source. The price of wheat in the Black Sea region is around $220-225 per ton, compared to $245 per ton for French wheat and $248 per ton for Russian wheat.

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Original content

Wheat from European Union countries bordering the Black Sea is traded cheaper than production from other countries in Europe. The rich harvest in the Black Sea region is helping to lower prices, Bloomberg reported. The main wheat from countries such as Romania and Bulgaria is cheaper than that from the main producers France and Russia, according to pricing by UkrAgroConsult, which the agency refers to. Forecasts are , that Russia's harvest will be more than 10% lower than originally expected because of the cold, while farmers in France are suffering from heavy rains. At the same time, Romania expects a record harvest of 10.5 million tons for 2024-2025. Traditionally in Bulgaria the harvest is about 6 million tons. A few days ago, the Minister of Agriculture, Georgi Tahov, launched the harvest campaign and pointed out that the rich harvest guarantees that there will be no increase in the price of bread. The price of wheat in the Black Sea region is around 220-225 dollars per ton. ...

Source: Duma