This is the sixth auction Toepfer has won over the past three months, securing contracts for the supply of 360,000 tons of wheat, which will bring nearly EUR70 million to the company, according to ZF calculations.
End-August, wheat was selling in Romania for an average EUR153 per ton, according to official data from the Agriculture Ministry.
Romania this year reaped its biggest wheat and rye crop since 2005 and the second-largest one in over four decades. Wheat and rye harvest rose 37% year-on-year to 7.3 million tons in 2013. Record production was also registered for barley, oat and rape, Agriculture Minister Daniel Constantin said recently.