Govnet

Agriculture

The sky is the limit in agriculture. Without a proper irrigation system it remains weather-dependant

Last year’s boost in agricultural production is little likely to occur again, not because the potential lacks, but because Romania’s agriculture is still weather-dependant. The agribusiness sector had a positive impact on the country’s economic growth in 2013, likewise the industry which was the main field fuelling the 3.5 percent advance in the Gross Domestic Product – the agriculture recorded a 1.7 percent contribution to the GDP’s growth rate, translated into a contribution of 6.9 percent to the GDP’s nominal value, according to the data released by the National Institute of Statistics (INS).

More expensive land, yet, up to 8 times below the European average

Despite an increase close to 60% of the average price of agricultural land over the past two years, Romania is still low-priced compared with most of the European countries. According to Mediafax, a report released by DTZ Echinox indicates an average price of 3.100 euro/ha, a price that is 2 up to 8 times lower than in other states across Europe.

Romania, back in pork meat export business

The restrictions on pork exports imposed on Romania are going to be eventually lifted. Thus, starting January 1, 2014, Romania will be able to resume the exports to EU countries, according to the President of the National Sanitary Veterinary and Food Safety Authority (ANSVSA), Vladimir Manastireanu, Agerpres informs.

Romania is an attractive market for investors in the agribusiness sector

The foreign investors have bought around 1 million hectares over the last 7 years and they are expected to massively increase the farmland acquisitions once the land market liberalization comes into force in January 2014.

The Romania's cereal production has doubled since 2007 confirming the great potential of local agriculture. And this potential, along with cheaper land prices compared with the rest of EU are attractive for international investors who have great financial power.

A grain stock exchange in Romania, after 65 years

Romania will have again, starting 2014, a cereal stock exchange, which will be based in Corabia, Olt County.
The project is included in the Regional Operational Program and is running in a partnership with the Romanian Commodities Exchange (BRM).

Trading will be most likely made through forward contracts (it means that the shipping date is prior agreed, as well as the payment due date).

The sky is the limit in agriculture. Without a proper irrigation system it remains weather-dependant

Vasile Varvaroi will lead Cargill’s business in Romania

More expensive land, yet, up to 8 times below the European average

WineRo launches its exculsive wine range, ALIRA Grand Vin

Romania, back in pork meat export business

Monsanto invests over 23 million euro in GM seeds station in Romania

Romania is an attractive market for investors in the agribusiness sector

A grain stock exchange in Romania, after 65 years