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Bucharest
June 13, 2021
BUSINESS

Romania, Europe’s bread basket once again

Romania needs approximately two million tons of wheat every year. This year’s crop is forecast to be so large that it could cover our needs for the next four years. European statistics show that Romania will register this year the highest wheat crop of the last 27 years, realitatea.net informs. We are talking about almost 8.3 million tons, whose current market value is estimated at USD 2 bn. The irony is that even in these conditions a great part of the farmers complain that they will not even recover their investment. The reason? The lack of storage units, the result being that in many areas of the country the wheat is sold at half its price. “If we don’t have our own storehouses it’s difficult to store. Apart from that there are plenty of problems. Most of us have bank loans and on July 30 we have to pay up and so we are forced to sell,” farmer Ilie Dan stated. “Considering the 18 million tons that represent our storage capacity I believe we can cover the production level,” Daniel Botanoiu, secretary of state within the Agriculture and Regional Development Ministry (MADR), stated. Although theoretically Romania has sufficient storage space for this huge crop, the storage units in fact belong to great industrialists that ask too much from the small farmers. While in 2012 the price of wheat stood at up to RON 1.2 per kilogram, this year they negotiated only RON 0.6 per kilogram. Last year Romania exported food products worth over EUR 5 bn, of which wheat represented USD 1 bn.

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