EU Black Sea Wheat Cheaper Than Rivals’ Due to Bumper Harvests
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“Wheat from Black Sea-bordering EU countries like Romania and Bulgaria is competitively priced due to abundant harvests, undercutting French and Russian supplies. UkrAgroConsult reports the region’s bumper crops are driving down prices, making it an attractive option in the global market.”
Wheat from European Union countries bordering the Black Sea is trading cheaper than the commodity from competitors, as bumper crops in the region help push down prices.
The staple from nations including Romania and Bulgaria is less expensive than it is from majors producers France and Russia, according to UkrAgroConsult pricing.
Source Link: https://www.bloomberg.com/news/articles/2024-06-18/eu-black-sea-wheat-cheaper-than-rivals-due-to-bumper-harvests
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