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Wheat market in July: low prices – no sales

At the beginning of the harvesting campaign, wholesale wheat prices remain in the range from 2.8 lei/kg (one of the most important grain regions Floresti-Sholdanesti) to 3.2 lei (Giurgiulesti port), Logos Press reports.
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Wheat market in July: low prices – no sales

According to the calculations of experts of agricultural producers’ organizations, with the yield at the beginning of the harvest at the level of 4 t/ha, this level of “demand prices” covers production costs, but does not guarantee profit to farmers. Accordingly, there are practically no offers to sell wheat of the new harvest from agrarians.

“The decision of farmers to postpone the sale of wheat at least until the end of the harvesting campaign and finalization of products at elevators is economically justified,” said Yuri Rija, an expert in agro-marketing. – The country’s grain market is likely to follow the classic seasonal cycle, when the price level slowly recovers in the post-harvest period after the initial “downward game” by market operators in the period before and during the harvest”.


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