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 »

The American group Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, appoints Vasile Varvaroi as General Manager of the Romanian subsidiary, position he will effectively take as from June 1, 2014, a press release announces....more »

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....more »

Seven years of consistent investments were crowned by the launch of ALIRA Grand Vin, WineRo’s exclusive range obtained from the grape harvest from the best plots of Aliman’s estate in Dobrogea....more »

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....more »

Monsanto expands its production and processing corn capacity in Romania after completing a EUR23.7 million investment in the Sinesti seeding processing station, in Ialomita County. The Sinesti station is an important contributory factor to the l...more »

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....more »

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)....more »

Egypt acquired 235.000 tones of grain from Romania, Russia and Ukraine to be delivered within November 11 and November 20, 2013 according to the General Authority for Supply Commodities (GASC) quoted by Reuters. The 60,000 tonne of wheat imported from Romania were provided by Ameropa Grains S.A Constanta, the Romanian Subsidiary of Ameropa AG Holding Switzerland... ...more »

Billions of Euros in losses for Romania due to lower price of wheat...more »