Official: Moldovan farmers will harvest twice as much wheat as needed to ensure food security
This year, Moldova will harvest more than 1.2 million tonnes of wheat, which is twice as much as we need to ensure food security, officials from the Ministry of Agriculture and Food Industry said. At the same time, on Thursday the price of wheat on the Paris stock exchange rose by 20 euros per tonne after the Russian Federation pulled out of the Black Sea grain deal.
The Ministry of Agriculture and Food Industry says the price of wheat has risen on the European market after the Russian Federation pulled out of the Black Sea grain deal. At the same time, the price will continue to rise in European countries, State Secretary Vasile Sarban told Radio Moldova. This year has been very good for the productivity of first-group crops such as wheat, barley and rapeseed, Vasile Sarban added.
"We had rainfall in the spring of 2023. We will have a harvest of over 1.2 million tonnes of wheat in the Republic of Moldova. The average harvest per country will be 3.6 tonnes per hectare from an area of about 351 thousand hectares," explained Șarban
Farmers should also keep an eye on the fluctuations of wheat prices on the main European exchanges, including regional ones, agricultural expert Viorel Chivriga told Radio Moldova.
"It is not the case that farmers sell their production now at low prices, in the next 2-3 weeks, there is a possibility that the price of wheat will increase on European markets. For domestic consumption, Moldova needs about 400 thousand tons of wheat or a little more. The remaining surplus wheat should be exported," the expert said.
Wheat prices have risen significantly in recent days after Russia announced it would no longer participate in the Black Sea grain export agreement. According to European analysts, the expiry of the agreement will force Kiev to export the crop from 2023 on alternative routes to river ports and the EU border, as logistical costs are high.
