Romania is unable to cover demand from internal production, although the country has 13 hectares of farmland, and has to import products, which makes prices go up, he said at a conference on food retail.
According to Vlad, Romanian food producers and large retailers keep prices unchanged, which shows in their low profits.
The largest Romanian retailers by sales register profit rates of 2.54%, 1.92% or 3.32%, said Vlad.
In the dairy industry, profit rates stand at 3.2% for the largest producer and at 1.4% for the second-largest producer.
The top two Romanian bread producers register losses, while the following two register profit rates of up to 3%, he added.