food prices

Romanian food prices are growing at the second-fastest pace in the region, after Bulgaria, central bank governor Mugur Isarescu said Thursday, adding that the prices’ weight in the consumption basket remains an unresolved issue.

Romania’s Agriculture Minister Valeriu Tabara said an increase in prices of agri-food products is ungrounded and artificial, adding food processors and those selling food products siphon off profits in the system, to the detriment of raw material producers and consumers.

Food prices in Romania will not increase significantly in the upcoming period, believes Agriculture Minister Valeriu Tabara, although certain raw materials, like wheat, have become more expensive.

Food prices in Romania will increase by up to 8% in the upcoming weeks following recent rainfall and floods, which damaged hundreds of hectares on farmland, agriculture union federation AGROSTAR president Niculae Stefan said in a press release.

Food prices in Romania should hike after at least a month of continuous depreciation of the leu, and some producers and traders will hike prices when their profit gets to zero, the head of Romanian Food Industry Union Federation FSIA, Dragos Frumosu, said Monday.