October 2, 2013

 

Romania's Jan-Sep wheat exports double
 

 

In January to September of 2013, Romania's wheat export reached €300 million (US$406 million), more than double against the first nine months of 2012, when they got €146 million (US$197 million).

 

Romania's minister of agriculture Daniel Constantin stated that this year there was a huge production of wheat and lower prices than last year, when there was generalised drought and the prices almost doubled against 2011.

 

"There are big fluctuations of price, given by the market. The state cannot intervene with mechanisms of storage. We can intervene only at the level of the production and we will try to have more relevant help from the state budget," the minister said.

 

The vice-chairman of the League of Agricultural Producers Associations of Romania Nicolae Sitaru told the minister of agriculture that the producers do not understand why there are so huge differences between the price on the stock exchange and the price on the farms. "If last year the price for cereals was €25-30 (US$34-41) at the farms' gates now is €60-70 (US$81-95) at the stock exchange," Sitaru said.

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