November 23, 2017

Vegetable Oil Price – 7 Lei / Liter

The head of the Food Industry Unions’ Federation, Dragos Frumosu declared that, in March or April, vegetable oil prices might increase by about 30%. The motive is the shortage in raw materials on national level, which will make producers resort to imports, for high prices.

“Raw materials, sunflower and soy, don’t exist in Romania at the moment.  Manufacturers finished their stocks. Taking into account the high price of raw materials, Romanian farmers sold their stock last year,” declared Frumosu. He explained that neighboring countries such as Moldova also have a shortage of raw materials for oil.

Source of the news: Bucharest Herald

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