Lewes, DE -- (ReleaseWire) -- 03/10/2014 -- Romanian grain sector has the highest growth potential owing to its competitiveness and its exposure to the Middle East and Asia. Sugar production is likely to grow strongly because of base effects, as limited consumption growth from both the food and energy sectors will cap production incentives. The livestock sector will remain just below self-sufficiency, and quality issues linked to the horsemeat scandal will limit export growth opportunities to the rest of the EU, at least in the near term.
>> Wheat production growth to 2017/18: 76.0% to 9.0mn tonnes. This will come from further improvements in yields and increase in area planted. Export demand will also encourage production.
>> Poultry consumption growth to 2018: 10.4% to 518,100 tonnes. Poultry will continue to be Romanians' favourite meat and the one with the most growth potential as the economy recovers and the consumer story improves.
>> Sugar production growth to 2017/18: 8.0% to 796,700 tonnes. This will come as farmers reap the benefits of an increased area devoted to sugar and as production quotas in the EU are being phased out in the medium term.
>> 2014 GDP growth: 2.8% (up from 2.6% in 2013).
>> 2014 average consumer price inflation: 1.9% (down from 3.3% in 2013).
Report covers industry forecast (grains, livestock, dairy and sugar), upstram and downstream analysis, competitive landscape and demographic forecast along with key factors.
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