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1 billion lei in 2021, a year-on-year increase of more than 30%, the largest increase in nearly 10 years
.
The top three agricultural companies by turnover are the Romanian State Forestry Administration, the agricultural input company Promat Comimpex and the grain trading company Plantagro-Com
.
According to the study, the growth of agricultural business turnover in Romania in 2021 was mainly motivated
by the rise in international grain and raw material prices and various agricultural subsidies of the Romanian government.
The study estimates that although the European Commission in July this year expected Romania's annual grain production to fall by 12% in 2022, inflationary pressures and government subsidies can largely offset the impact of the production reduction, so that Romanian agricultural enterprises can still achieve a turnover
of about 58 billion lei this year.
by the rise in international grain and raw material prices and various agricultural subsidies of the Romanian government.
The study estimates that although the European Commission in July this year expected Romania's annual grain production to fall by 12% in 2022, inflationary pressures and government subsidies can largely offset the impact of the production reduction, so that Romanian agricultural enterprises can still achieve a turnover
of about 58 billion lei this year.
At present, Romanian agriculture needs to give priority to the development of infrastructure and modernization, should learn from Poland's development strategy, vigorously invest in agricultural product processing, increase the export of high value-added products, reverse the current situation of Romania as a net importer of agricultural products, and achieve a positive balance
in international agricultural trade after several years of development.
in international agricultural trade after several years of development.