Exporters look for markets to sell poorer quality grai
Lithuanian companies, which exported mostly food-grade wheat to Middle East and Northern Africa in recent years, will have to find markets much closer to home to sell this year's poorer-quality crop, the business daily Verslo Žinios reported on Tuesday.
"The bulk of Lithuanian grain was exported to Saudi Arabia and Iran in recent years. This year, a part of Lithuanian grain will not be suitable for these markets because of the lower quality," Dainius Pilkauskas, commercial director for the Baltic countries at Linas Agro Group, told the paper.
"We will have to look for new specific markets for smaller food grain. I don't know yet where we are going to sell it," he said.
Martynas Cibiras, director of the grain exporter Agerona, says that companies have had to cancel a considerable number of preliminary contracts with buyers due to the poorer quality of grain.