Moldova reduced corn exports by 30% in 2024

Published 2024년 8월 5일

Tridge summary

Moldova is experiencing a corn shortage in the first half of 2024, with exports dropping by 36% compared to the same period in 2023, totaling 264 thousand tons. This is due to high exports at the end of 2023, dry weather expected to reduce the late crop harvest, and a continued increase in corn prices. Romania is the primary importer of Moldovan corn, accounting for 36.5% of total exports, followed by Turkey and Switzerland. Additionally, Moldovan corn is also being exported as value-added products like ethanol and DDGS, generating additional income of 44.7 million euros from 2021 to June 2024.

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

Original content

The dynamics of price growth from February to June 2024 indicates a shortage of corn. In the first half of 2024, corn exports from Moldova were significantly lower than in the same periods of previous years. According to statistics, in the first 6 months of 2024, corn exports amounted to 264 thousand tons, which is 70% of exports for the same period in 2023, when more than 378 thousand tons were exported. In every month of 2024, the volume of exports was less than in the same months of previous years. “This trend comes as growers are forecasting a low late crop harvest in 2024 due to extremely dry weather. In addition, at the end of 2023, exports were high, and inventories of producers and traders decreased significantly, notes Yuri Rizha, executive director of the Association of Exporters and Importers of Agricultural Products and Grains “Agrocereale”. The dynamics of price growth from February to June 2024 indicates a shortage of corn. For example, in 2023, corn prices fell ...

Source: Zol