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Romania has become EU's main cereal exporter, KeysFin study

7.15 million tons of grain from the 2016-2017 harvest

20 June, 15:59
(ANSA) - BUCHAREST - Romanian agriculture continues the sustained evolution, amid the significant investments of recent years. According to a KeysFin study, the cereal production has doubled over the past seven years, from RON 8.34 billion in 2009 to RON 16.1 billion in 2015.

At end-May 2017, Romania became the main cereal exporter in the European Union. The domestic companies exported 7.15 million tons of grain from the 2016-2017 harvest. Of these, over 5 million tons were wheat exports.

Currently, over 7,000 companies with over 40,000 employees work in the domestic agriculture sector on the cereal cultivation segment, underlines the research as reported by The Romania Journal.

At the same time, the number of companies has increased by almost 30 percent compared to 2009, most of them being in Timis, Constanta, Teleorman, Ialomita, Calarasi, Braila, Arad, Tulcea and Dolj. More than 300 companies were registered in Bucharest.

Beyond the obstacles, the study says, the prospects for Romanian agriculture are extremely positive, including from the macroeconomic point of view. (ANSA).

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