If expectations are met, Romania should become the second largest corn producer in the European Union after France, whose corn crop is estimated at 15 million ton.
“Corn production within the EU should recover again in 2013/14. Very good weather conditions in Romania and Bulgaria should result in almost record production. Losses will only be experienced in Germany and some regions of France due to persistent rain during the early crop development stage and heat during the pollination stage,” Toepfer said in an August report.
The company expects corn production in the EU to reach 64.2 million tons this year, up 10% compared to 2012/2013.
On August 28, corn prices were at approximately 544 lei (EUR121.6)/ton, according to the Agriculture Ministry.
Last year, corn prices were significantly higher, at RON1,000/ton (EUR228/ton). (EUR1=RON4.4725)