Comcereal Valcea estimates 8 times lower turnover

Comcereal Valcea, a trader of cereals, seeds and fodder, estimates a 1.31 million-RON turnover for this year, 8 times lower than the 10.52 million-RON registered in 2007, according to a company report. The company estimates it will trade a smaller amount of wheat this year, as it will no longer resort to the state reserve, but exclusively on farmers in Valcea county. “In 2007, we concluded several transactions to sell wheat to companies in the bakery industry, which fetched us an over 10 million-RON turnover (…). We took a large amount of wheat from the state reserve, which we later returned. In 2008, we will buy wheat only from farmers in Valcea county. Therefore, the amount of wheat we are going to sell will be smaller, there will be fewer transactions, which will lead to a significant decline in turnover,” said the manager of Comcereal Valcea, Octavian Avram.