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Bucharest
September 19, 2021
BUSINESS

RWA Raiffeisen Ware enters cereal grains trade

Austrian trader RWA Raiffeisen Ware, which posts a total turnover of EUR 2.7 bln per year, has entered the cereal grains trade in Romania and also plans to set up a business dealing with the distribution of fertilizer, pesticides and seeds.
The move comes after the company expanded at regional level many years ago, in Hungary and Slovakia.
“We want to buy between 40,000 and 100,000 tons of cereal grains in Romania in the first year of activity,” Ernst Gauhs, the trader’s top executive, stated.
The trading company is part of Germany’s BayWA Group, an energy-agro-industrial conglomerate with a turnover of EUR 16 bln, which has mulled entering the local market in previous years too. At first the trading company limited itself to buying Romanian cereal grains through intermediaries, but now it has decided to enter the local market. On the local market Raiffeisen Group handles banking, leasing and asset administration operations, but is also active on the real-estate market.
Romania is one of the top ten European cereal grain producers, and the market is attractive for such traders considering that the industrial consumption of cereal grains leaves a lot of room for the export of gross merchandise. The Romanian cereal grains market is worth over EUR 4 bln each year.

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