According to analysts of APK-Inform, the tendency to price increase is caused by the delay of harvesting campaign, low yield and small supply of grain of new harvest from agricultural producers. At the same time, the quality of wheat is generally high, due to which feed wheat is in the greatest deficit. Some experts see this as similar to the unusual situation of the 2020-21 marketing season, when the spread (price gap) between food and feed wheat was small.
Similar trends are noted on the grain market of Moldova. Farmers in the south of the country claim that high demand for wheat in Ukrainian and Romanian ports stimulates Moldovan traders to periodically (when barges are loaded in Giurgiulesti and Ungheni) increase grain purchase prices.
By the end of the current week, the average level of wheat prices in the southern and central regions of RM pulled up to the range of 3.4-3.5 lei/kg, which at the beginning of the week was the ceiling. As of today, there is already a new maximum “offer price” – 3.6 lei/kg.
