“The euro reached some RON 4.2-4.3, while prices of foodstuffs were computed in euro for RON 3.2-3.3 in December. There’s a price rise in the pipeline,” the President of the National Association of Agricultural Producers in Romania, Viorel Matei, told Business Standard.
According to trade unions, Romania imports 70 percent of the total meat products, 80 percent of vegetables and fruit, and some 20-30 percent of dairy products. Matei added prices of vegetables and fruit could level off in the summer months, when national production soars and imports decline.
The President of the National Association of Trade Unions in the Food Industry, Dragos Frumosu, said that producers will put off for as long as possible the announced price rises.
“The purchasing power is currently sliding and producers can go bankrupt if they raise prices now. This is why they will try to hold out down to the zero profit threshold,” Frumosu said.
