Grain exports grow 18% y/y in July-August – ARR

Poland’s grain exports rose 18 percent y/y in the first two months of the 2016-2017 marketing year (i.e. July and August), reaching 1.1 million metric tons. Grain imports in this period fell 19 percent y/y to 131,000 tons. This is according to calculations by the Agricultural Market Agency (ARR) based on Ministry of Finance data. “The most exported item was wheat, which comprised 71 percent of total grain exports. Exports of wheat amounted to 761,000 tons and were 90 percent higher than in the same period in 2015. Exports of oats reached 7,000 tons compared to 5,000 tons. However, exports of other grains were lower than a year ago,” the ARR stated in its report. Grain export revenues were 9 percent higher than a year earlier, amounting to around €460 million . The foreign trade balance in grains and grain preparations was positive, standing at 0.9 million tons versus 0.7 million tons a year earlier, the agency summed up.