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Romania Receives New Crop Soybeans From the U.S.

12/05/2018

The U.S. Soybean Export Council has announced that Romania has received the first shipment of new crop (2018 harvest) soybeans from the U.S.

The Export Council has been active in developing new markets for soybeans following the cancellation of orders from China as a result of the ongoing trade dispute. A companion posting noted that for the market year 2018, soybean exports to nations other than China increased 50 percent to 750 million bushels in market year 2018.                      

For the past two decades, the Export Council has invested in education and technical assistance to prospective and ongoing importing nations to demonstrate the superiority of U.S.-origin soybeans with respect to nutrient content. Evaluation of ingredient quality and establishing technology for assays has resulted in differentiation of what might be regarded as a commodity into a product with superior attributes associated with U.S. origin.

It is estimated that per capita poultry meat consumption in Romania will increase to 61 pounds in 2018, displacing pork. Constanta at the mouth of the Danube River is well suited for distribution of bulk product shipped to the Nations major port for onward transport to the hinterland of Romania, and to Bulgaria and other Eastern European nations served by the river system and by railways.

The latest shipment of soybeans will be processed by a plant in Romania operated by Bunge to produce soybean meal and soy oil which is valued in both Romania and Bulgaria.