Agriculture in the Black Sea Region

Romania: Meat, wine and honey export to China

25.10.2012. The loss cased by drought in a majority of agricultural sectors is around 20 per cent, but there have also been cultures where production decreased by as much as 60 per cent, while other ones were not affected at all, said Agriculture Minister Daniel Constantin at the Mediafax conference ‘Talks about Brewing&Agriculture’.

Georgia: Creating A Hub

25.10.2012. Georgia is a natural hub for the Caucasus and Central Asia region. After years of painful reforms, the country has the geography, open borders, streamlined legislation, and growing ports to carve out a niche as a hub for goods, ideas, and transit. Investor.ge spoke with business people, economists, and the acting head of the national investment agency about how Georgia can capitalize on its potential to be a regional hub.

The “Elections Effect” on the Georgian Bread Prices

24.10.2012. Starting from October 15, Georgian consumers have to pay about 5-10 tetri more for one loaf of bread. Many large producers increased their prices; smaller bakeries (“tone”) followed suit by either raising the price or reducing the weight of the traditional Georgian bread. While unpleasant, this change in the price of bread is nothing but a forced reaction to a sharp increase (25%) in the price of wheat in the global commodity markets dating back to July 2012. The question, therefore, is not why bread and flour prices increased. Rather, it is why these politically sensitive prices increased only now, with a three-four month delay.

Argentina replaces Russia as cheap wheat supplier

22.10.2012. Supplies of competitive Russian wheat, a weight on world wheat values, appear to have run dry, results from a tender by Egypt, the world's top importer, showed.

But wheat prices remained in negative territory on major markets after the tender also showed that Argentina, another supplier of cut-price wheat, is getting in on the act.