Expana proposes to launch additional Expana Benchmark Prices for key European Grain Products.

Expana is proposing to launch 8 weekly Expana Benchmark Prices (EBP) for European grains and is collecting feedback from market participants until Monday, 25th November 2024.

If the industry supports this proposal, Expana suggests launching the weekly assessments on Friday, 13th December 2024.

The proposed specifications for these assessments would be as below:

The proposed assessments would reflect the transactable value at 16:00:00 London time. 

Germany and Romania are essential players in the global grain export market, each offering distinct advantages. Germany, as one of the EU’s largest grain producers, is renowned for its premium-quality wheat and barley. German milling wheat, known for its high protein content and gluten strength, is widely used by bakeries to make dough for bread, pastries and other baked goods. German malting barley is also crucial to brewing, adding the sugars, flavour and colour essential for beer production, making it a staple for breweries around the world. Though Germany’s corn production is smaller, it remains an important source of livestock feed within both domestic and broader European markets, supporting animal nutrition with a reliable energy source.

Romania, strategically positioned by the Black Sea with favourable growing conditions, is a major grain supplier to Europe, North Africa and the Middle East. Romanian corn, for instance, is used extensively in animal feed across Europe, while wheat supplies bakeries and milling operations throughout North Africa and the Middle East, meeting essential consumer demand.

Together, Germany and Romania highlight the strength of the European grain sector: Germany’s high-quality grains support premium markets like baked goods and brewing, while Romania’s strategic location and strong export infrastructure ensure accessible, reliable supplies to regions that rely on grain imports.

The proposed assessments would equip Expana’s subscribers with critical insights into these influential markets, complementing Expana’s current grain coverage and offering deeper granularity on key grain products from major producing countries. 

Please send any questions or comments about this market note to [email protected], by Monday, 25th November 2024, clearly stating which market note your comments relate to, and if comments are intended for publication by Expana. Expana will acknowledge receipt of all comments by email.