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Euro Grain Exchange 2024 - Sowing Partnerships, Harvesting Endless Opportunities

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Thank You For Participating At EuroGrain Exchange 2024

The second edition of EuroGrainExchange, hosted last week at the Radisson Blu Hotel in Bucharest, was a testament to its evolving importance in the global grain industry. Attracting 532 delegates from 332 companies across 32 countries, the European Spring grain exchange showcased the breadth and depth of the sector, enhancing its role as an essential platform for addressing the dynamic challenges and opportunities in grain trade.

The blend of topics offered a comprehensive insight into the grain industry's current landscape, emphasizing food security, rerouting grain flows, profitability in the next years, regulations, risk management and legal aspects as well as the pivotal role of logistics hubs like Constanța Port. Attendees gained invaluable knowledge on navigating grain trading's complexities underscoring the event's role in fostering connections and advancing industry knowledge.

"It’s our privilege to work hard and provide a platform for robust exchange of knowledge and strategic insights, fostering the success of the grain industry." articulated Petar Dimitrov, Event Manager.

The EuroGrainExchange Exhibitors' area was a dynamic space where top companies in the grain sector involved in trade,storage, logistics, survey, analytics and more unveiled the latest technologies and strategies, offering a platform for networking and innovation. With 20 exhibitors, the event's impact on the industry became a key highlight, showcasing stories of growth, resilience and sustainability.

EuroGrainExchange 2024 kicked off with a distinguished Opening Address, where industry associations and officials graced the event, setting the tone for a dynamic and insightful conference ahead.

The first in the series of round tables:

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Central and East Europe, Balkans and The Black Sea - Burning Bridges or Building Synergies

The Formation Of The New Origination Superpower - Balkans And Black Sea (BBS), The Future Of Food Sustainability And Security For Europe. Reconnection Of the Danube Region.

Florin Constantin opened his presentation suggestively with an updated expression "The Good, the Bad, the Ugly, ...and the Moldavian" – a phrase that represented the leitmotif of his speech full of precious information.
The discussion panel continued with Stoyan Valev’s speech highlighting the current Bulgarian balance sheets, pre/post harvest expectations and possible challanges and oppotunities such as regaining the coaster business and stabilization to pre-war levels in the region.
Milan Zorić exposed to the conference audience a very meaningful topic: Serbia – grain trade flows (obstacles and opportunities). He highlighted the reconnection of the Danube countries to the Black Sea as barge transport rates return to normality.
Further on, from Poland came Roman Weingardt, who discussed the topic of the rising fame of Polish wheat and how 16 countries from Western Africa became markets for polish wheat replacing Russian origins.
Oleksandr Solovey adresses the shift from grains to oilseeds in Ukraine as farmers sow more of the latter. He said that „Ukraine crushed 1.5 Mmt of SFS in March” and with expected increase in crushing capacity, less sunseeds and more byproducts will be exported.
Hungary was represented by Zsolt Horvath, as Trader of Gustav Kindt, offering insightful ideas and answers to this discussion panel.

"The BBS (Balkans and the Black Sea) is pivotal in recent years for the world food security. Danube region is regaining its significance and reconnecting to the international grain markets." - stated Petar Dimitrov, CEO of Agricore, Bulgaria, highliting the increasing role of the region in global trade.

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Discussion panel:

In Fundamentals We Trust, Or The Art Of Looking Into A Crystal Ball

The Importance Of Black Sea As Price Maker. Global Trends And Rerouting. Macro Threats, Economies, Currencies, Funds And ...Crypto

Rory Deverell stated: “In correlations we trust”. Who’s correlation, however? He highlighted the importance of choosing your data sources wisely with lots of tables and charts.
“Your correlation – Your Truth”.
Irina Ozip from APK-Inform Agency discussed: Ukraine, Kazakhstan, and Russia: challenges of 2023/24 and the first prospects for 2024/25.
Petar Dimitrov – CEO of Agricore (Bulgaria) approached (maybe) the most delicate subject of the moment - Global Macro - What's coming next in rates, currencies, stocks, jobs, and crypto. The conclusions were gathered around the idea that: We are in a war economy and a year of elections. He made a long shot - what’s next in 50+ years, and kindly advised all attendees to “stay informed and open-minded”.

"EuroGrainExchnage 24 delivered great value for the grain industry by analyzing the past and present fundamentals and shaping the future of the grain industry." - summarized Petar Dimitrov from Agricore, Bulgaria underscoring the valuable insights the panelists shared.

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The second day of the exchange kicked off with the Discussion Panel:

Oilseeds, Oils, Meals And Fats On The Verge Of Oversupply And Overregulations

The Rivers Of Vegoils - Network That Feed The World. An Underestimated Market. Consumers & Suppliers. EU Rules For Emissions To Be Implemented

Andrei Solomon opened the session by stating: "it’s time for action for each member state of EU!" He emphasized the need for countries to create new reports with updated information, as previous reports from RED I, RED II are now obsolete. He also predicted that RED IV will require updates on GHG emissions in 5-6 years, urging immediate action from state bodies like the Agri Ministry, farmers, traders, and biofuels associations.
Jose Olivero talked about Future trends in the Oils and Fats production and consumption for food and fuel. He stressed the importance of oil palm for world oil production as the most efficient crop and noted EUDR will add premiums to the EU markets.
Tajana Vrselja highlighted Croatian oilseeds and their strategic positioning in EU market. Presenting data showing Oilseeds production in neighboring countries helped attendees understand the importance of strategic positioning.
Further on, Veysel Kaya, from Turkey talking about “Black Sea Gold”, referring to sunseeds, highlighting that the Black Sea basin accounts for up to 75% of the world's sunflower products, making it a highly lucrative agro-commodity in the oilseeds puzzle.
Wojciech Krzywosądzki approached another important aspect: Polish oilseeds market in the verge of new regulations. Among his conclusions: Recent rumors on EU tariffs on Russian/Belarusian meal firmed up the spot market; Biofuel mandates to increase rapeseed demand in Poland.

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Continuing the most ardent subjects of the moment, EuroGrain2024 launched its next discussion panel:

Demand That Saved The Season: North Africa, Turkey, Italy And Greece

Mare Nostrum Concept. Balkans/Black Sea As Main Supplier To North Africa And South East Asia. Adriatic Ruling The Coaster Biz. Trucks Fleet Of Grains Flooding Central EU.

Todor Stoikov opened the session with the evolution of the CVB Market in turbulent times, highlighting among lots of significant ideas, that The Middle East and North Africa are still the main markets of Romanian wheat, but SE Asia and Spain have gained significance in the last 2 years.
Begum Dak continued the conference panel with the Turkish Market Outlook. Her presentation focused on the Top 3 Wheat Importer Countries and Wheat Flour Exports, offering significant data about production capacity, wheat flour manufacturers, and capacity utilization rate.
From Greece, Alex Michailidis presented his perspectives on how Red Sea turmoil shakes up global trade routes. Red Sea trade volumes have dropped by more than half since early December. As a result container shipping has been the longest voyage boosting freight costs and displacing bunker demand.
From Italy, Alessandro D’Andrea showed that Italy needs, in any case, to import roughly 2/3 of the soft wheat and above 50% of the corn, based on consumption data, and that on the other side, all countries in East Europe have a comparatively smaller population and a surplus of cereals to export, making them natural partners.
Mehdi Zerzeri, from Tunis, also actively presented his opinions and points of view as a Miller on this important subject. The panelists agreed that imposing tariffs on Russian imports to EU will favor Turkey, who will find ways to reexport Russian grains to the EU after processing.

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Concluding the conference round tables was the discussion panel:

Supply Chain And Inputs Volatility Challenges - Freight, Fertilizers, Survey, Legals

The Importance Of Supply Chain For Profitability In The Next 5 Years. Crop Inputs To Rule The Costs Of Production. Read Your Contracts Well.

Katerina Kononenko approached the theme from the SHIPPING point of view, presenting Agricultural export statistics for the Danube ports. She answered the question “Who's going to stay on the Danube?” – Only those who have already invested, as the Danube channels currently cant compete with Big Sea Ports.
The ANALYST perspective was shown by Doriana Milenkova, from the Netherlands. Her speech showed that Fertilizer affordability worsened since the beginning of 2024 with the potential to improve in the coming months. Among conclusions: regulations and downstream companies are pressuring farmers to change farming practices and farm inputs use.
The FARMER’S position was presented by Alina Cretu from Romania. Representing FAPPR, approached the subject from the perspective of How farmers will regain their competitiveness. – “When farmers are happy and thriving, all linked sectors are thriving” she stated.
Ivan Kasynyuk from AGA Partners, concluded the panel with showcasing the legal implications and costs the agribusiness faces.

While there were some opposing views, panelists agreed that farmers are struggling with increasing regulations and all participants in the supply chain should shoulder some of the burden of dropping margins and adapt to new sustainability practices.

"All discussion panels brought an exceptional opportunity to delve into the capabilities of our industry to stay resilient amidst these turbulent market realities." said Petar Dimitrov, CEO & Senior Broker at Agricore. "We extend our gratitude to our distinguished panelists, sponsors, exhibitors, partners, and attendees for their active engagement and valuable contributions, which were instrumental in the success of the event."

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As EuroGrainExchange 2024 concludes, we are thrilled with the enthusiastic feedback and engagement from all participants as we successfully achieved our objective of sharing knowledge and exchanging visions and innovative ideas for the future of the grain business. Hearing about your transformative experiences, from deep insights into global supply chains to practical workshops, has been truly rewarding.

We would like to thank all our speakers, sponsors, partners, exhibitors and attendees who contributed to the resounding success of this event and look forward to seeing the implementation of new strategies sparked by the ideas shared.
Continue to innovate and inspire!

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