Ukrainian trader started working in Romania and Moldova due to grain shortage in the domestic market
Region Grain Company AG has expanded into Romania and Moldova as Ukrainian grain supplies dwindle. Managing Director Gennady Matkovsky said RGC now buys Romanian and Moldovan grain on FOB, CPT, and DAP terms, exploiting a market gap left by major traders’ absence in Moldova. Initial trade volumes remain small.
Region Grain Company AG has entered the Romanian and Moldovan markets due to the decrease in grain volumes in Ukraine. RGC is engaged in trading there. This was told by the company’s managing director Gennady Matkovsky in an interview with Latifundist.com.
“We have changed our strategy: we started buying Romanian and Moldovan cargo on FOB. There is not enough Ukrainian grain now, farmers are holding back. Therefore, we are looking for other ways. We are still testing these markets, so the trade volumes there are small,” Matkovsky said.
He says that there is no ABCD (the four global grain traders) in Moldova. Due to various political circumstances, a window of opportunity has now opened there that allows farmers and small Moldovan companies to trade, bring grain to us in Reni or sell in Moldova. RGC buys on CPT, DAP Izmail or Reni, or FOB Reni.
“We were interested in buying the first Romanian barley that appeared on FOB. We took it right away because there was an opportunity to sell it profitably. In general, the trade culture is the same as ours. If our rapeseed used to go there from Ukraine, now very little. For example, COFCO even bought barges to export Ukrainian rapeseed, but it almost never goes there,” Matkovsky added.
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Source : Ukr Agro Consult
