“We want to reach 12,500 hectares of alfalfa because there is demand and profitability is EUR500 per hectare. We currently have 2,500 hectares,” said Lucian Buzdugan, general manager of Agricost.
The company produces an average 17 tons of alfalfa a year, most of which is sold to Arab countries and only two tons are sold in Romania, to two cattle farms. Buzdugan sad the company would be interested to sell its entire output domestically.
He added the company plans to have five factories. It currently has one and a second will be built this year.
Agricost had a turnover of RON375 million in 2018, up 5% on the year.