Ameropa Grains’ revenue stood at EUR52 million last year. The amount exported by Ameropa should be enough to fill a Panamax, one of the biggest vessels in the world.
The value of the exports in June and July this year stands at over EUR12 million, according to ZF estimates based on prices on international markets.
The company exported 23,000 tons of barley and 21,000 tons of wheat, as well as 11,200 tons of sunflower and 8,400 tons of corn, data in the reports filed with the Bucharest Stock Exchange reveal.
This is the first overview of the exports made by one of Romania’s largest traders considering Ameropa is the only top five company listed on the Bourse in Romania, while the other companies are some of the lowest-profile on the local market.
Romania’s grain export is almost entirely handled by giant multinationals such as Cargill, Glencore and Alfred C. Toepfer, which own most of the grain storage infrastructure in the country, as well. These traders also strategically positioned their silos in southern Romania by the Danube and around the Constanta harbor, which allows them to fill international orders at minimal shipping costs.
Ameropa entered Romania three years ago when it bought the controlling interests in agricultural product storage company Comcereal Constanta for EUR15.4 million only to increase its stake to 96.5% last year.
Ameropa group has operations in 26 countries around the globe.