The commodities, which can fill up six Panamax-type high-capacity transport vessels, are worth EUR60 million, according to ZF calculations.
“We are the first Romanian-held company managing to win such international auctions,” says Mihai Anghel.
Cerealcom’s presence on international grain export markets dominated by multinational traders is the result of many years of efforts made by the company headquartered in Segarcea locality of Dolj. Mihai Anghel has directed his company toward exports through an investment operated in an export terminal in Bechet harbor.
The entrepreneur has repeatedly stated his ambition of taking his crops and the commodities taken over from other farmers of southern Romania directly abroad and of competing on an equal footing with global traders.
Jordan is among the top ten export markets for Romanian grain. In the case of wheat alone, Jordan has bought almost 500,000 tons from Romania in the past three commercial seasons.
The Middle East economy is set to buy almost 2 million tons of grain from abroad this season.
Contracts with Jordan almost entirely cover Mihai Anghel’s export business considering his capacity to deliver Romanian grain abroad amounts to 400,000 tons.
Mihai Anghel has focused on the development of his Dolj business and has not invested in other counties. Around his farms, he owns silos that can be loaded with 370,000 tons of grain and horizontal warehouses that can take up 150,000 tons.
All his businesses revolve around the 25,000 hectares of arable land he manages. Now, the entrepreneur is harvesting corn, for which he bet 8,000 hectares in spring.
The good weather brought the Dolj businessman productivity of 14 tons/hectare on non-irrigated lots, meaning a minimum of 100,000 tons of corn he is going to store in silos and warehouses in the coming weeks.
Agriculture is having a bumper season by output in volume, but farmers’ receipts are declining as prices have gone down by even one third against last season on the high quantities available on the international market.
(English version by Catalina Apostoiu)