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The TRANS OIL Group and the international banking consortium signed in Paris on July 11, 2018 an agreement on a syndicated loan in the amount of $240 million to purchase agricultural products from the 2018 harvest in the Republic of Moldova from producers and economic agents.

 

The international banking consortium, which was headed by Societte Generale Paris , also included ING Bank Belgium, UniCredit Bank Austria AG , Black Sea Trade and Development Bank , FIMBank p . l . c , Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, Arab Bank Ltd., Banque Cantonale Vaudoise.

 

In the upcoming season the TRANS OIL Group plans to purchase more than 500,000 tons of sunflower seeds and more than 1.2 million tons of grain (wheat, barley, rapeseed, corn, peas) and over 100,000 tons of soybeans.

 

As previously reported, the TRANS OIL Group increased the trans-shipment capacity at Giurgiulesti International Free Port and brought it to 1,600.000 metric tons of agricultural products per year.

 

The largest sunflower oil factory Floarea Soarelui SA in Balti has launched a new oil extraction production facility that allows processing more than 300 thousand tons sunflower seeds per year and in addition the oil and fat plant in Ceadir Lunga - Trans Oil Refinery with a production capacity of more than 135 thousand tons sunflower seeds per year.

 

Vaja Jhashi, President of TRANS OIL: "Due to cooperation with international financial institutions, TRANS OIL is the largest producer of sunflower oil in Moldova and an exporter of cereals, oilseeds, and legumes, it can guarantee agricultural producers timely payments for their products and the most favorable prices. Our task is not only to provide convenient export opportunities for Moldovan producers, but also to pay in time for their products at the best prices. A reliable buyer, which is the TRANS OIL group, is a timely calculation that allows to work normally and plan development for future years."

 

The group of companies Trans Oil is the largest buyer and exporter of cereals and oilseeds in Moldova. The group includes 16 elevators all over the country, capable of storing more than 750 thousand tons simultaneously; 2 oil-extraction factories in Balti and Ceadir-Lunga with a production capacity of 1200 tons per day and 400 tons of sunflower a day, respectively; 2 grain terminals and a terminal for sunflower oil in the International Free Port of Giurgiulesti; as well as a number of agricultural, transport, infrastructure enterprises, including in Ukraine, own a fleet of modern railcars, as well as a modern fleet of trucks for freight traffic.

 

 

The described investments above have been allocated to two projects at the Floarea Soarelui factory in the city of Balti, and a unique project at Giurgiulesti International Free Port.

Vaja Jhashi, the President of the TRANS OIL group: As the largest producer of sunflower oil in Moldova and a major grain exporter, we understand our responsibilities. The quality of Moldova’s oil and cereal products depends on all participants in the production chain: agricultural producers, transport units, storage facilities,. Not only do our customers buy products from TRANS OIL companies, they importantly acquire goods produced in Moldova. Therefore, it is very important for us to invest in the most modern, ecological and advanced technologies to support the development of best practices for production and commodity handling in the country. This year, we have completed three new projects and have invested more than $13 million in total over three years to accomplish them.  We continue to constantly explore new ideas for modernization of our production facilities.

Modern equipment and a new Oil Extraction Division

 Floarea Soarelui is the largest oil and fats factory in Moldova.  The factory has significantly increased its production capacity as a result of the installation of a new, modern oil extraction division. Construction of the division has been fully completed in May 2018. The production capacity of the new workshop supports overall processing capacity of up to 1200 tons of sunflower seeds per day or more than 300 thousand tons per year.

 The old workshop, built in the 1960s, could support processing of only 800 tons of sunflower seeds per day or up to 200,000 tons per year. The new equipment was supplied and installed by "EuropaCrown" Ltd Company. - One of the world’s leading equipment providers.

 The general contractor Ukrainian company JSC "Production Company Techmash" has extensive experience in the implementation of such strategic facilities in Ukraine. In particular, they built the largest in Eastern Europe steel factory InterpipeStyle at Dnieper as well as factories for the company, BUNGE, in Ukraine.

 Stella Ostrovetskaya is the General Director of JSC Floarea Soarelui: "Today, the increasing of production is extremely important. It is equally important to apply the most modern and advanced technologies in our factory. This can be achieved only through the introduction of processes, such as the new oil extraction division, that reduces cost and minimize production losses. Additionally, the new processes help to maintain and even improve our production quality and quantity indicators. This project will inevitably lead to an increase of the competitiveness of our end products and will allow us to maintain our leading position on the domestic market and also expand our export opportunities.

  Having invested $9.5 million in the construction and equipment of the new oil extraction workshop, Floarea Soarelui not only increased its production capacity by more than a third, but also received the most modern workshop in the region, equipped with the latest technologies.

 Boiler house on biofuel

 Also in 2018, Floarea Soarelui factory has successfully launched a new boiler house that allows for switching to an autonomous and environmentally friendly fuel. The production of oil requires steam treatment. This boiler house produces 25 tons of steam per hour with a pressure of 3.9 Pa and a temperature of 410 degrees Celsius. The boiler house works completely on husks, which are produced as a byproduct of sunflower seed crushing.

Investments in the construction and equipment of the new boiler house amounted to $2.5 million. The project was implemented partially with participation of MOSEF and the European Bank for Reconstruction and Development.

 Currently, related to this project, there is ongoing work on the installation of a new turbine which can operate on the produced steam. The turbine will cover 60% of the factories total demand for electricity.  This will optimize the cost of procuring electricity from external suppliers and will lead to overall reduction of production costs.

 The unique pneumatic equipment for cereals and oilseeds

 TRANS OIL group of companies third project in 2018, which will be completed by the beginning of the new season, is unique not only for Moldova, but also for the entire Black Sea region.

 Currently, TRANS OIL enjoys capacity in the International Free Port of Giurgiulesti to store of 70,000 tons of grain. Out of 70,000 tons, 50,000 tons are located at the banks of the Prut river and 20,000 tons at the banks of the Danube.

 The new pneumatic grain feeding line 515 meters long with a capacity of 250 tons per hour will unite both of the terminals of the TRANS OIL group at the Giurgiulesti port.

 The loading of cereals and oil crops on the ships is provided by two terminals located at the Prut river and the Danube river. Loading capacities of the terminal at the Prut river allow loading of 200-300 tons of grain per hour, and the terminal at the Danube river up to 800 tons per hour.

 Project financing (worth $1.2 Million) was covered by TRANS OIL group’s internal funds. The equipment was supplied by "Stal'prom" (Dnepropetrovsk, Ukraine) who were  responsible for the laying of the pipeline. "Technology pneumatic-Export" company (Taganrog, Russia) delivered up-to-date pneumatic technology used at the international ports.

As a result of this project, the TRANS OIL group terminals in Giurgiulesti port will be able to transfer more than 1 600,000 metric tons per year.

 Mihail Redkin, managing director of Trans Cargo Terminal: "With the launch of the new pneumatic line, we can simultaneously load ships to both the Prut and the Danube rivers from any of our storage facilities. This makes our work more flexible, faster and increases the overall output of our port capacity.

 Vaja Jhashi, the President of the TRANS OIL group: "I will not deny that we took a certain risk with the new pneumatic line. No one in the region has implemented such projects yet. Therefore, the project has received a lot of attention from both partners and competitors in the region. This success influences not only the quality and efficiency of our work, but also the reputation of Moldova in general and the TRANS OIL group in particular. I think our team coped well with the target and pressure. We also plan to increase storage capacity at the Danube’s terminal up to 30,000 metric tons in the new season and total storage capacity will be 80, 000 metric tons."

 

 

 

This is stated in the new, April review of the IMF "World Economic Outlook". According to the IMF forecasts, in 2018 the inflation rate in Moldova will be 4.7%, and in 2019 - 5.1%. It is expected that in 2023 Moldova's GDP growth will be 3.9%, and inflation - 5.1%. It should be noted that following the results of the IMF's assessment mission’s work in our country from March 15 - March 27, it was stated that the fund increased the forecast for Moldova’s GDP growth in 2018 to 3.8%. It is obvious that the updated macroeconomic forecast will be contained in the next IMF review. The head of the IMF mission, Ben Kelmanson, during a joint press conference with Moldovan Prime Minister Pavel Filip noted that the Moldovan authorities have made progress in strengthening economic policies and eliminating vulnerabilities in the banking and financial sector. The efforts they have made have contributed to maintaining the financial stability and strengthening the basis for achieving medium-term goals. Ben Kelmanson noted that in 2017 there was a steady growth rate, which was supported by a strong domestic demand and a favorable external environment. "We expect these trends to continue in 2018. We forecast stable economic growth at 3.8%," the IMF mission head said. As InfoMarket agency reported earlier, the Moldovan government forecasts that the country's GDP growth in 2018 will be 3%, but notes the availability of the potential for achieving higher growth of the country's economy this year. In the next 2 years, the Cabinet expects the economic growth at 4%. This forecast of the macroeconomic indicators was taken into account by the Ministry of Finance when drafting the Law on the State Budget for 2018. It is planned that in nominal terms the GDP of Moldova in 2018 will be 160.1 billion lei, in 2019 - 174.5 billion lei, and 2020 - 190.2 billion lei. The Moldovan government forecasts an average annual inflation of 4.3-4.9% for the next 3 years. It is forecasted that in 2018 the average annual inflation rate will be 4.3%, in 2019 - 4.8%, in 2020 - 4.9%. It is expected that inflation at the end of 2018 will be 3.5%, and at the end of 2019 and 2020 - 5% each. The GDP of Moldova increased in 2017 by 4.5%, making in monetary terms 150 billion 369 million lei; inflation was 7.3%.

"Floarea Soarelui" SA is the largest producer of sunflower oil in Moldova; the management of the company summed up the results of participation in the exhibition "Made in Moldova", which was held at MoldExpo in Chisinau from January 31st to February 4th, 2018.

Traditionally, the visitors of the exhibition not only get acquainted with new products of Moldovan producers, but also have the opportunity to purchase different products without extra charges.

Brand Manager of "Floarea Soarelui" SA, Roman Rudenko said:
 "4.500 bottles of "FLORIS" sunflower oil were sold from the well-designed stand during the five days of the exhibition, thanks to the successfully accommodated place in the central pavilion of the exhibition. Our stand was visited by more than 1500 people, including businessmen interested in large export deliveries. "

This year, "Floarea Soarelui" SA has represented two new products, "FLORIS-Rustic" and "FLORIS-Chili" sunflower oils (unrefined raw sunflower oil and sunflower oil with chilli), which are not yet sold in retail and they’re being used to study possible demands of customers.

Roman Rudenko: "Unfortunately, unrefined raw sunflower oil has a very limited shelf life - only four months. Therefore, large retail chains are showing little interest in it. However, unrefined raw sunflower oil attracts small-wholesale buyers, who have a faster turnover. As for the sunflower oil with chili, a small experimental batch was made particularly for the exhibition, and it was sold on the first day. Our company will make a decision to launch the production of the new sunflower oil with chili in industrial volumes, considering the results of the exhibition, we believe this oil will have its buyers. We are pleased with the results of participation in the "Made in Moldova" exhibition and we consider a successful promotion of our products at the domestic market. "

"Floarea Soarelui" SA is the largest producer of sunflower oil in Moldova, selling it in bulk and packed in bottles of 1 liter, 3 liters and 5 liters. The company is the part of the "TRANS OIL Group", headed by entrepreneur Vaja Jhashi. Besides "Floarea Soarelui" SA, "TRANS OIL Group" has a factory for the production of sunflower oil in Ceadir-Lunga city (Trans Oil Refinary), 13 grain storages located throughout the country, more than 100 grain and oilseeds reception stations, as well as two terminals, and the terminal for export of sunflower oil at the International Free Port of Giurgiulesti.

 

The group of companies TRANS OIL summarized the preliminary results of their activities in July-December 2017. The group begins the financial and economic year on July 1st and ends on June 30th of the following year.

The meeting of the heads of all subdivisions of the TRANS OIL Group of Companies was made and it was noted that for two consecutive years, the yield of cereals was quite high in Moldova. This also had a positive impact on the performance of the Group's divisions.

 In particular, all 15 elevators belonging to the TRANS OIL Group, which are located throughout Moldova, were loaded with grain crops by 100%  within July-December 2017.

 In the season of 2017, the online platform (www.transoilmarket.com) for agricultural producers was launched in July for the first time, where any farmer could leave an application for the sale of cereals according to the prices announced by the Group of Companies TRANS OIL. There were purchased directly, without intermediaries more than 150.000 tons of cereals via this platform in 2017. Thus, farmers could get more money for their products, and the Group of companies could attract more farmers, even low-budget, which were forced to take their products to wholesale dealers previously.

There is always a certain shortage of freight transport during the peak season. To solve this problem, the online platform for freight carriers was launched for the first time. This allowed to stabilize prices and involve small enterprises, as well as individual entrepreneurs from transport services.

 The main flow of the grain crops was exported through the grain terminals of TRANS OIL Group, located at the International Free Port of Giurgiulesti. 485.000 tons were handled within July-December 2017. The production capacities of grain terminals in Giurgiulesti Port are more than 1.2 million tons per year. According to the preliminary data, the total amount of wheat collected in Moldova was 1.16 million tonnes.

 "Floarea Soarelui" which is the part of the Group of Companies, made special strides during the last period of activities. The company successfully rebranded its leading brand of sunflower oil  FLORIS, making it more up-to-date product, attracting the attention of customers. The food production company has passed the certification according to the ISO 22000 standard (the world standard for food safety) for the first time in Moldova. The factory plans to launch completely new and modern oil extraction production facility at the beginning of 2018.

 It was noted the role of "Floarea Soarelui" in terms of trading at international markets, the company won the tender of the Ministry of Trade of Iraq and signed a contract for the supply of sunflower oil to this country by $25 million per year. Intensive work of this company led to the fact that "Floarea Soarelui" became one of the top-10 largest enterprises in Moldova, in 2016.

 The TRANS OIL Group of Companies organized the Agro-logistic forum "Dnieper-Danube-Black Sea" in the capital of Moldova for the first time, in the fall of 2017. Speaking at the forum, the president of the Group Vaja Jhashi said: "We want Moldova to appear at the global map of the market for grains and oilseeds as a country that plays an important role in the Black Sea region. The world’s and regional markets of grain and oil crops, talk about Ukraine, Russia, Romania ... and few people talk about Moldova. I would like our country to be recognized as a significant player in this market. And I do not mean just our Group of Companies, I’m talking about all market participants. I want all our business owners to work, promoting the common interests of the country as producers and exporters."

 It is assumed that Moldova will become a place to hold this international forum regularly. This will promote the brands of the country as serious players in the grain export market and producers of high-quality sunflower oil.

 At the meeting with the heads of the TRANS OIL Group, President Vaja Jhashi summed up preliminary results of the first (for the Group) half-year period (July-December 2017): "Many years of experience show that Moldova, as a country of risky farming, periodically faces climatic difficulties, alternating a fruitful year with a bad harvest year. However, the harvest in the country was quite high for several years in a row, due to the introduction of modern technologies in agriculture. Our Group of Companies enables farmers to sell their products profitably and provides long-term storage of high-quality, it has established a complete logistics of grain exports from Moldova, providing the country with foreign exchange and tax revenues. The task for the second half of the year is to ensure preparations for the new season, which, according to preliminary reports, will be no worse than the harvest of 2017. It is very important to continue direct contacts with agricultural producers, even the smallest ones, so that they have the opportunity to sell their products directly, without intermediaries, therefore, they will be well-paid for the harvested crops."

Vaja Jhashi, the president of the TRANS OIL group of companies: "We settled $6 million of investments and opened a new grain terminal on the Danube River at the end of 2016 with the financial support of the European Bank for Reconstruction and Development. Thus, grain export opportunities were increased from 500.000 tons per year to  over 1.3 million tons per year. We continue to develop the infrastructure during this year, 2018th and invest additional 1 million euros in the construction of a new pneumatic grain supply line that will unite the Trans Cargo terminals on the Prut River with the Trans Cargo terminals on the Danube River."

 Currently, TRANS OIL capacities at the International Free Port of Giurgiulesti provide storage of 70.000 tons of grain, of which 50.000 are located on the Prut coast and 20.000 on the Danube.

 The loading of grain crops is provided by two terminals located on the Prut and the Danube. The loading capacities of the terminal on the Prut River allow to load 200-300 tons of grain per hour, and the terminal on the Danube River can accept 800 tons per hour.

 The new pneumatic grain feeding line will unite all the grain capacities of the TRANS OIL group in Giurgiulesti port. 

 Mihail Redkin, CEO of Trans Cargo Terminal:  "We will be able to ship to both the Prut and the Danube rivers simultaneously from any of our storage facilities, built both on the bank of the Prut and on the banks of the Danube, after launching the new pneumatic line. This will make the operation of our grain terminals quick and more flexible, it will also increase the overall loading capacities of our port by increasing the efficiency of its use. More than 485 thousand tons of grain, legumes and oilseeds were transported over the first half of this year (01.07.17 - 31.12.17)."

 The cost of the project for the construction of the new pneumatic line is 1 million euros; financing is carried out both at the expense of the own funds of the TRANS OIL group, and the resources  attracted from international financial institutions. The equipment is supplied by the company "Stalprom" (Dnepropetrovsk, the Ukraine), which is responsible for laying the pipeline; and the company "Technology of pneumatic equipment-export" (Taganrog, the Russian Federation), supplying modern pneumatic technologies used for international ports.

 The first part of the new pneumatic line will be launched in March 2018, it will allow loading of grain from the tanks on the Prut to the loading terminal on the Danube. The project will be completed by mid-summer at the beginning of agricultural harvesting. Then, it will be possible to load ships with grains at the terminals of Prut and the Danube simultaneously, regardless of location of the storage facilities in the port.

 TRANS OIL the group of companies, whose president is the well-known businessman Vaja Jhashi, is the largest buyer and exporter of cereals in Moldova. The Group has 15 elevators all over the country and it is capable of storing more than 710 thousand tons of grain; it also has two oil extraction plants in Balti and Ceadir-Lunga with the production capacity of 1200 tons per day and 400 tons of sunflower seeds per day, respectively; two grain terminals and a terminal for sunflower oil at the international free port of Giurgiulesti, as well as agricultural, transport and infrastructure enterprises, some of them are in the Ukraine.

The first part of the new pneumatic line will be launched in March 2018, it will allow loading of grain from the tanks on the Prut to the loading terminal on the Danube. The project will be completed by mid-summer at the beginning of agricultural harvesting. Then, it will be possible to load ships with grains at the terminals of Prut and the Danube simultaneously, regardless of location of the storage facilities in the port.

 TRANS OIL the group of companies, whose president is the well-known businessman Vaja Jhashi, is the largest buyer and exporter of cereals in Moldova. The Group has 15 elevators all over the country and it is capable of storing more than 710 thousand tons of grain; it also has two oil extraction plants in Balti and Ceadir-Lunga with the production capacity of 1200 tons per day and 400 tons of sunflower seeds per day, respectively; two grain terminals and a terminal for sunflower oil at the international free port of Giurgiulesti, as well as agricultural, transport and infrastructure enterprises, some of them are in the Ukraine.

The length of the new pneumatic line will be 515 meters; its productivity is more than 200 tons per hour.

According to the updated data of the Ministry of Agriculture, Regional Development and Environmental Protection, the yield of winter barley increased by 12%, corn by 34%, soybean by 27%, sunflower by 11%. Aggregate harvest of fruits increased by 3.2%, pome fruits - by 3.4%, stone fruits - by 3%. The harvest of berry bushes and strawberries grew by 15%, vegetables and potatoes - by 22%. As noted in the department, also in 2017, the export volumes of a number of plant products increased. In total, about 200 thousand tons of fruits were exported, of which 157 thousand tons - in the CIS, and 16 thousand tons - in the EU. For the first time, were exceeded quotas for export of plums in preferential mode and for the first time sweet cherries were delivered to the EU. The department also records the expansion (+ 5%) of the areas of farmland cultivated in accordance with the principles of resource-saving agriculture. It is also noted that the largest area of land sown with the first group of crops and rape fell to the northern part of the country - 35-40%. Further follow: the center of the country - 12-15%, the south - 8-10%, and Gagauzia - 5-7%.

ISOA is the international non-profit organization, aimed at promoting of international trading with sunflower oil. The organization plans realizing both scientific and trading levels of sunflower oil promotion.

 List of ISOA establishing organizations: 

- CCOA; 

- Wilmar; 

- Ukroliyaprom; 

- APK-Inform; 

- Argentinian Sunflower Association – ASAGIR; 

- Russian Union of Vegetable Oils Producers and International Sunflower Association.

 The launch ceremony of the International Sunflower Oil Association was presented during International Sunflower Oil Symposiumin October 2015 in China. The first Board of Directors was announced during the ceremony.

 The Association is a non-profit association and its purposes are the following:

 - Promote to establish the international scientific standard of sunflower oil and value added products of sunflower seed.

- Promote and foster uniformity of commerce and trade among countries in the fields of sunflower oil.

- Encourage and promote improved communications between and among sunflower oil producers, industry groups, academic researchers and local governments.

- Enhance sunflower oil additional value and enlarge commercial application fields.

- Sponsor training programs to assist members in their technical work and development to improve sunflower oil production.

 

It is located at the north of Moldova in the city of Balti. The "Floarea Soarelui" factory is a part of Trans Oil group; it is the largest producer of high-quality sunflower oil in the country. The factory successfully passed certification audit at the end of 2017 and implemented food safety management system in accordance with ISO 22000 standard.

 This international standard is based on HACCP system (Hazard Analysis and Critical Control Points), which provides systematic identification, assessment and management of all factors affecting food products safety. The HACCP standards were developed by the "Codex Alimentarius" committee which summarizes international standards of food production, adopted by the FAO/WHO international committee.

 The company "Floarea Soarelui" obtained ISO 22000 certification, it is known as a reliable producer, where each stage of sunflower oil production is controlled. In particular:

               - All raw materials are reviewed by strict selections on the basis of the results of organoleptic, physicochemical and microbiological studies;

              - The technological process is carried out using up-to-date equipment;

              - Each stage of production identifies the most important points of the technological processes which are constantly monitored by specialists of the relevant services of the enterprise;

              - The raw materials are sent to the packaging if only successfully passed all laboratory tests and quality requirements;

              - The factory strictly accomplishes storage conditions of market-ready products.

 The availability of the international quality standard ISO 22000: 2005 certification gives the following advantages: "Management systems in the field of safe food products are the necessary requirements for any producer in the supply chain", it guarantees high quality products and allows "Floarea Soarelui" factory to strengthen consumers’ confidence, expand sales markets, significantly improve competitiveness at the domestic and international markets; it also proves the reputation of the company as a producer of high quality and safe food products.

 Another important factor of ISO 22000: 2005 certification is increased attractiveness of investments. This step is a positive signal to local and international partners and investors that the company is developing confidently and expanding the geography of consumption of sunflower oil from "Floarea Soarelui" not only in Europe and the Middle East where this product has been successfully sold for many years but also in new markets, those still have to experience and get to like sunflower oil from the Moldovan factory "Floarea Soarelui", the part of Trans Oil group.

FLOAREA SOARELUI SA obtained ISO 22000 certification. It is known as a reliable producer, where each stage of sunflower oil production is controlled. In particular:

- All raw materials are reviewed by strict selections on the basis of the results of organoleptic, physicochemical and microbiological studies;

- The technological process is carried out using up-to-date equipment;

- Each stage of production identifies the most important points of the technological processes which are constantly monitored by specialists of the relevant services of the enterprise;

- The raw materials are sent to the packaging if only successfully passed all laboratory tests and quality requirements;

- The factory strictly accomplishes storage conditions of market-ready products.

The availability of the international quality standard ISO 22000: 2005 certification gives the following advantages: "Management systems in the field of safe food products are the necessary requirements for any producer in the supply chain", it guarantees high quality products and allows FLOAREA SOARELUI SA to built confidence, expand sales markets, significantly improve competitiveness at the domestic and international markets; it also proves the reputation of the company as a producer of high quality and safe food products.

Another important factor of ISO 22000: 2005 certification is increased attractiveness of investments. This step is a positive signal to local and international partners and investors that the company is developing confidently and expanding the geography of consumption of sunflower oil, not only in Europe and the Middle East, where this product has been successfully sold for many years but also in new markets, those still have to experience and get to like sunflower oil from the Moldovian FLOAREA SOARELUI SA, the part of Trans Oil Group of Companies.

The decrease in the indicator was due to the reduction in acreage from 371 thousand hectares in 2016 to 301 thousand hectares in 2017, as the average wheat yield has increased over the period from 3.1 tons to 3.87 tons per hectare. Such information was presented to the InfoMarket agency by the State Secretary of the Ministry of Agriculture, Regional Development and Environment Iurie Ususrelu. Harvest of barley in 2017 amounted to 248.2 thousand tons, down 2.9%, compared to 2016 (255.7 thousand tons). At the same time, the area under this crop decreased from 83.2 thousand to 73.3 thousand hectares, and the average yield increased from 3 tons to 3.4 tons per hectare. The yield of corn decreased by 9.6% over the year from 1 million 392 thousand tons in 2016 to 1 million 259 thousand tons. At the same time, its average yield increased from 2.99 tons to 4.5 tons per ha. The area decreased from 466 thousand to 282 thousand hectares. However, as noted in the Ministry of Agriculture, the data on maize yield in 2017 is not final, they will be further specified. The pea harvest increased 1.9 times from 26.6 thousand tons in 2016 to 51 thousand tons in 2017. The area under this crop increased from 9.3 thousand to 19 thousand hectares, the average yield was 2.67 tons per 1 ha against 2.84 tons per 1 ha a year earlier. The yield of soybeans increased by 36.3% over 1 year from 42.1 thousand tons to 57.4 thousand tons. The area under this crop decreased from 40 thousand to 36.4 thousand hectares, and the yield increased from 1.17 thousand to 1.6 thousand tons per hectare. The sunflower harvest increased by 12.3% over 1 year from 677 thousand tons in 2016 to 760 thousand tons in 2017. The areas occupied by sunflower increased from 361 thousand to 365 thousand hectares, and the average yield increased from 1.87 tons to 2.1 tons per ha. The gross production of rapeseed increased 1.7 times - from 43.2 thousand tons in 2016 to 74.2 thousand tons in 2017. The growth was due to the increase in the area under rapeseed from 18.2 thousand to 29.7 thousand hectares, while its average yield remained at the same level - 2.5 tons per hectare. According to the Ministry of Agriculture, in 2016, from 0.6 thousand hectares occupied by tobacco, 0.9 thousand tons of dry tobacco leaf was received. At the same time, in 2017, from an area of 0.46 thousand hectares, 3.89 thousand tons of green leaf tobacco was obtained. Data on dry tobacco leaf is not yet available. According to the Ministry of Agriculture, the gross production of sugar beet this year amounted to 681.5 thousand tons, increasing by 2.5%, compared to the previous year (665 thousand tons). The area under sugar beet increased from 20.4 thousand to 21.2 thousand hectares, and the average crop yield decreased from 32.6 tons to 32.1 tons per ha.

The Interview of the InfoMarket agency

"Dnieper-Danube-Black Sea" agro-logistics forum is organized by "APK-Inform" analytical news agency (the market leader in information services to agricultural sector of the CIS countries). It was held this year for the first time in Chisinau. The general sponsor and host of the forum was the group of companies Trans Oil. The president of Trans Oil, Vaja Jhashi gave an exclusive interview to InfoMarket agency.

InfoMarket: Moldova has this type of conference for the first time. What do you expect from the forum?

Vaja JHASHI: We want Moldova to appear on the global map, meaning the grain and oilseeds market, as a country with an important role within the Black Sea region. Regional and world’s markets of grain and oil seeds, have a lot of discussions about Ukraine, Russia, Romania ... but few people talk about Moldova from this perspective. I would like our country to be recognized as a significant player in this market. I do not mean just our company, I’m talking about all market participants. I wish that all our companies have worked promoting the common interests of the country as a producer and exporter.

InfoMarket: The Trans-Oil group is still the largest player at the market of Moldova.

Vaja JHASHI: There are not many people know Moldova as a manufacturer of grain and sunflower oil at foreign markets, unlike Ukrainian or Romanian manufacturers. Therefore, we strive for recognition of the entire Moldovan agricultural business promoting ourselves. This is an international conference which means more vendors and consumers will know about Moldova as a major exporter of its products to the world’s markets. Information about the forums is immediately transmitted to all interested countries. We are confident now that more businessmen not only from Turkey but also from Egypt, Libya and other countries will appeal to Moldovan exporters, not only Trans-Oil but other companies from Moldova.

InfoMarket: What is Trans-Oil’s share of grain export among Moldovan companies?

Vaja JHASHI: Today, it is difficult to say, because there was a lot of small companies working in this field. Oilseeds market share is somewhere 75%, while cereals not more than 50%. Many small companies sell their grain to Romania this year, it was exported about 25-35% of the total harvest. Those deliveries are made avoiding our company, they export their products independently. Probably, it is more convenient for them, although, we offer a higher price in the domestic market.

InfoMarket: According to the recent information, it was gathered a good harvest of grain and especially sunflower seeds this year...

Vaja JHASHI: I think it will be collected a record harvest of sunflower seeds this year, taking into consideration the history of Post-Soviet Moldova. It is sown more than in previous years. We expect about 800 tons of the harvest, across the country and the Transnistrian territory. We will send 350 tons of seeds for processing: It is 200 thousand tons - Floarea Soarelui (Balti), 100 thousand tons - Trans Oil Refinery (Ceadir Lunga), another 50 tonnes will be given for the processing by small companies... 450-500 thousand tons is for export. Therefore, the pressure on logistics has sharply increased this year.

 We have the ability to recycle excess of Moldovan sunflower seeds to Romania. There is a factory of Floarea Soarelui International SRL in Romania, which eventually will be a part of Trans Oil Group. We can process up to 150 thousand tons of seeds per year at the factory in Romania. It is less than makes our plant in Balti but it is more than makes our plant in Ceadir-Lunga. Floarea Soarelui International SRL is located near the port of Constanta, so it is better to take the excess of sunflower seeds into Romania rather than Turkey, also it can be sold at the local market or exported.

InfoMarket: Where do you export sunflower and cereals besides Turkey?

Vaja JHASHI: Traditionally, Turkey buys 90% of all exported sunflower seeds but we ship the grain to Europe, unlike Ukraine which has a certain quota, and Russia, their the goods subject to duties and taxes, we have free trade agreement with the European Union. Therefore, we ship 90% of cereals to European markets.

InfoMarket: What about the southern countries?

Vaja JHASHI: We ship our corn in Libya, Lebanon and Turkey. We cannot compete with the Ukrane selling our corn at the European market because they ship big ships and export significantly higher amounts of corn. We ship our corn to the places big ships cannot pull in.

InfoMarket: What are the relationships between Trans Oil group and the manufacturers?

Vaja JHASHI: We have very good relationships with manufacturers. They are usually dissatisfied when grain prices fall, but it depends on the market conditions and the rate of the Moldovan leu. If MDL is strengthened, we are forced to reduce the purchase prices within the domestic market, as the price on the world's markets is set in US dollars.

InfoMarket: By the way, the National Bank stated that there is an increase in foreign currency into Moldova this year. What is the share of foreign currency earnings from export of grains and sunflower?

Vaja JHASHI: The export of sunflower seeds and grain grew up to $15 million weekly, since the beginning of September… this not only from our company but all agricultural companies. We have small share of the foreign exchange market in our country, we believe this situation is putting serious pressure on the exchange rate of Moldovan leu.

InfoMarket: When do you think this pressure will be diminished?

Vaja JHASHI: We expect the reduction of the exchange rate earnings from the export of agricultural products in January-February next year. We cannot influence the policy of the National Bank but I would like to note that in fact no one benefits from strong exchange rate of lei. It is not profitable for our exports and imports. The exchange rate should be stable. Ups or downs lead to uncertainties. It is often happens that agricultural farms stop to sell their products, wanting to get greater advantage in anticipation of rate changes. The fact that Moldovan lei is not stable doesn’t have a decisive influence on world’s grain prices but we have to adapt to the strengthening of the leu in order to reduce the purchase price (lei) in accordance with the exchange rate changes. Local manufacturers are not happy, they’re usually waiting Moldovan leu will be diminished towards US dollar... no one is aware if it’s happen or not… who knows maybe leu will become even stronger, therefore, everyone needs stability in the foreign exchange market.

InfoMarket: In addition to the export capacity, Trans Oil group has two oil extraction plants. Have you already purchased raw materials for them to work all year round?

Vaja JHASHI: We have already supplied our needs in sunflower seeds, somewhere within 60-65% for the past six months. We will continue to buy sunflower seeds until the end of October, maybe even November and we will have enough raw materials until May next year.

InfoMarket: Do you take every year large loans from international financial organizations or banks?

Vaja JHASHI: Yes, they are redeemable annually. Do the math: to purchase the volume of agricultural products we provide our plants every year, as well as export needs, we need at least $100 million. It is a great burden on the company, no one keeps such huge finances, so we resort to credit. This is something usual for this type of activity. It is profitable for all: Farms are paid the money for their products in time, the lenders as well. We have proved that we are reliable partner.

InfoMarket: Floarea Soarelui oilseeds factory has entered the top 10 largest enterprises of Moldova with an income of 58.7 million euro which rose over the year, according to the ranking of SeeNews. 55.93%, How was this growth achieved?

Vaja JHASHI: Due to the export of sunflower oil in Iraq. We won the tender of the Ministry of Defense of Iraq for the supply of refined bottled "FLORIS" oil for $25 million annually. Iraq is a large consumer of sunflower oil. We are finishing the execution of the contract this year and starting in November we will begin negotiations on the extension of the contract. Let's hope for the continuation of this work.

InfoMarket: You mentioned high yield of sunflower seeds this year, it is enough for the domestic market and for the export. What about cereals? Is it enough cereals in Moldova so that the country can afford to export them?

Vaja JHASHI: It is enough. We expect 4.5 million tons of grain and sunflower seeds this year, while Moldova needs only 2 million tons. That is, the export of grain and sunflower seeds will be 2.5 million tons this year. For comparison: the total amount of these seeds was 3.8 million tons last year.

InfoMarket: It seems that the most yielding year was the 2014th for the last decade...

Vaja JHASHI: Grain - yes, somewhere within the 15% increase compared with this year but the sunflower harvest has been stable in recent years, approximately 550-600 thousand tons. I think it will be a record, exceeding 2014th figures, the export of grain this year, both at the expense of the collected seeds, through the export of residues left since 2016.

InfoMarket: What are the immediate prospects for the Trans Oil Group of Companies in the Republic of Moldova?

Vaja JHASHI: First of all, we invest in the modernization of our assets, it is an ongoing process. This year, we also thought that if there is a tendency of surplus of sunflower seeds in Moldova, which is currently exported, then we will consider the construction of a small oil extraction plant in Giurgiulesti port.

Also, starting this year, we will begin to provide our port facilities for general use. There will be created a separate company, it will handle independently, the collection of applications for the transshipment of grain through the port, including Trans Oil group of companies. The transshipment process will be streamlined. The current transshipment capacity of the port is over 1.3 million tons of grain per year. Thus, even small exporters can apply, the newly created company will be responsible for distribution and execution of applications. In other words, the export of grains from Moldova through the port will be streamlined and simplified for all economic agents since November.

The Forum will take place in Chisinau on October 18, 19. For more information, please visit this link: http://www.apk-inform.com/en/conferences/agrologist/about

Any cargo company from all over Moldova can offer Trans-Oil its services at a beforehand known price, the press service of Trans-Oil reports.    To make an offer, the hauler shall go to www.transoilmarket.com, open the Logistic section and fill in the application, in which the name and contacts of the company, a number of trucks available, and a region in which the service can be delivered shall be indicated.  As the application is submitted, the Trans-Oil manager will contact the transportation company within 30 minutes to conclude a contract.  Trans-Oil works transparently and the prices for transportation services it offers can be seen on the site in terms of tonne per kilometre.  The trade online platform of Trans-Oil was launched on July 17. This is the first platform in Moldova for suppliers of grain crops to offer wheat, corn, barley, soya beans, rape, pea beans and sunflower seeds for sale.  Trans-Oil is the largest purchaser of grain crops in Moldova.  By providing online access to the purchasing prices and transportation tariffs, Trans-Oil enables agricultural producers and transportation companies work directly with the client, without any intermediaries and at real market prices.   Trans-Oil Group possesses 15 elevators all over Moldova with the total one-time storage capacity of more than 710 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port and some more agricultural, transportation and infrastructure facilities. The company employs over 2,000 persons.   In 2017, Trans-Oil is going to purchase grain and oil-bearing crops in large volumes.

As noted in the message of the Black Sea Trade and Development Bank, BSTDB's financing is intended to prepare for export of products and is part of a syndicated loan worth $170 million organized by Societe Generale, Zurich Branch with the participation of a number of banks: Arab Bank Ltd, FMO, Banque Cantonale Vaudoise, Fimbank plc and UniCredit Bank AG. The BSTDB credit facilities will be used to finance the seasonal needs of Trarns-Oil Grup in working the capital related to the harvesting, primary processing, storage and transportation of agricultural products in Moldova, and its subsequent export to other countries. BSTDB President Ihsan Ugur Delikanli stressed the importance of the signed loan agreement from the regional development prospective, noting that it will have a numerous positive impact on the economic growth, exports and employment, as well as on the strategic position of the agricultural sector for Moldova. "We are happy to join forces with other international lenders supporting the well-managed market leader”, stated the BSTDB President. Trans-Oil Group has been trading grain and other agricultural products in the Black Sea region since 1996, when the founders of the company started agribusiness in Moldova and Ukraine. Trans-Oil Group is the market leader in the production and trade of grain and oilseeds in the Black Sea region. It exports its products to various regions of Europe, the south of the Mediterranean, Turkey and north-west Africa. The Black Sea Trade and Development Bank is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. The headquarters of BSTDB is in Thessaloniki (Greece). The BSTDB supports economic development and regional cooperation by providing loans, credit lines, guarantees for projects and trade financing in the public and private sectors in member countries. The authorized capital of the bank is 3.45 billion euros.

The award in the field of technology and innovation in the nomination "Quality of sunflower oil" was presented to the general director of JSC "FLOAREA SOARELUI" wich is a part of TOI Stella Ostrovetski in Odessa within the framework of the "Summit on sunflower oil: industry and technology". The summit, organized by the International Association of Sunflower Oil (ISOA), was held in Odessa on July 11-12, 2017. There were presented about 200 delegates from China, Turkey, Spain, Belgium, Holland, Lithuania, Ukraine, Moldova.

"This presentation of this high award to our company is proof of the recognition of the quality of our products not only among buyers around the world, but what is especially gratifying is the fact that our colleagues in international markets from other countries have appreciated the high quality of Floarea Soarelui," Stella Ostrovetski noted.

Within the framework of the International Summit, representatives of JSC Floarea Soarelui held productive negotiations with world leaders in the field of vegetable oil production (Delta Wilmar, Kernel), logistics companies (Global Ocean Link, Alphacosta), companies that provide cargo services using flexi-tanks (BeFlexi), with manufacturers of equipment for oil and fat industry (Desmet Belestra, TAN), with the inspection company Cotecna, as well as potential buyers of JSC Floarea Soarelui products from around the world.

The International Sunflower Oil Summit is held once every two years. The previous forum was held in 2015 in China. The next topical issues and problems faced by the fat industry around the world were discussed during the Samit-2017 in Odessa:

- sunflower oil market: global and regional aspects;

- Sunflower Oil Market Development in China;

- Overview of the global sunflower market;

- Global industrial chain of Sunflower Processing;

- development of the market of high-oleic oil;

- Flexitanks - a logistics tool to lower the financial risks;

- Sunflower oil prices: trends, forecast, factors to watch regional and global trends.

JSC Floarea Soarelui is part of TRANS-OIL Group of Companies and it is the most important manufacturer of sunflower oil in the Republic of Moldova, providing 75% of the domestic market. At the same time, 85% of the company's products are exported to more than 20 countries. The main trademark of the company is FLORIS sunflower oil, wich was awarded by numerous distinctions in the domestic and international markets.

The price offers vary between MDL 2.4 and MDL 2.6 per kilo of wheat; MDL 2.2 and MDL 2.4 per kilo of barley; MDL 3.4 and MDL 3.6 per kilo of pea nuts; and MDL 6.4 and MDL 6.6 per kilo of rape, the Ministry of Agriculture says. According to a spokesperson of the Ministry, a lot of wheat growers say this year the quality of wheat is worse than last year because of the rainy weather.  This is the reason why in many districts of Moldova wheat is being harvested rather slowly, but the farmers promise all the crops will be harvested in time, within 2 week.   In particular, in the Cahul district, 4,169 tonnes of wheat has been harvested from 1,200 ha, with the total area planted with wheat amounting to 16,800 ha.  Thus, the crop capacity of those areas averages 3,500 per ha.  Let’s remind that on July 17 TRANS OIL Group, the largest purchaser of crops of Moldova, launched an e-trade platform for agricultural producers. The platform is available on www.transoilmarket.comand www.transoilcorp.com. Through the platform, producers of wheat, maize, barley, rape, pea nuts and sunflower seeds can sell their products without mediators at transparent prices.  The farmers will be able to see the purchasing prices for their products in a real-time mode and sell them quickly.  Besides the online purchasing prices, the farmers can use the interactive map of 15 grain elevators to select the closest one, TRANS OIL notes.  The crops may be delivered from the seller to the elevator as an unbundled service, or by the seller on his own.  The crops can also be delivered straight to the Giurgiulesti port.  To sell the crops via the platform the farmer shall fill in the application in which his contacts, a kind and a volume of the crops, a requested shipment date, the farm-gate price, the elevator to deliver the crops to, and the way of shipment shall be indicated.  An operator of the TRANS OIL interactive platform will contact the seller within 15 minutes after the submission of the application and will ensure the transaction as soon as possible.  The users of the platform may also benefit from the standard form contracts posted on the site.  Such a system for procurement of agricultural products has never been used in Moldova before.   TRANS OIL Group comprises 15 elevators all over Moldova with the total one-time storage capacity of more than 710 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port as well as some more agricultural, transportation and infrastructure facilities. TRANS OIL Moldova employs over 2,000 persons.

 

TRANS-OIL Group of Companies launches an e-trade platform for agricultural producers 

The platform is available starting July 17 on www.transoilmarket.com and www.transoilcorp.com. Through the platform, producers of wheat, maize, barley, rape, pea nuts and sunflower seeds can sell their products at transparent prices without resorting to the help of mediators, the largest purchaser of crops of Moldova informs.  The farmers will be able to see the purchasing prices for their products live and sell them quickly.  Besides, in addition to seeing the purchasing prices online, the farmers can use the interactive map of 15 grain elevators to select the closest one, TRANS-OIL notes.  The crops can be delivered from the seller to the elevator as an unbundled service.  The farmer can also deliver the crops to the elevator on his own.  The crops can be delivered straight to Giurgiulesti Port.  To sell the crops via the platform the farmer shall fill in the application in which his contacts, a kind and a volume of the crops, a requested shipment date, a requested price, an elevator to deliver the crops to, and a way of shipment shall be indicated.  An operator of the TRANS-OIL interactive platform will contact the seller in 15 minutes after the submission of the application and will ensure the transaction as soon as possible.  The users of the platform may also benefit from the standard form contracts posted on the site.  Such a system for procurement of agricultural products has never been used in Moldova before.  TRANS-OIL comprises  15 elevators all over Moldova with the total one-time storage capacity of more than 710,000 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port, and some more agricultural, transportation and infrastructure facilities. TRANS-OIL Group of Companies employs over 2,000 persons

 

The "Floarea Soarelui" plant is a part of TRANS-OIL group, which is the largest company in Moldova producing sunflower oil. The company produces sunflower oil under the trademarks of FLORIS, Privole, Aroma Soarelui, Mister Cook. 90% of Floarea Soarelui's products are exported.  

 

The sunflower oil is produced by JSC "Floarea Soarelui", which is a part of the TRANS-OIL group. Production of TRANS-OIL was awarded Grand Prix in various nominations of the competition "Trademark of the Year" within the past seven years. The most titled product is the "FLORIS" sunflower oil. The "Trademark of the Year" competition has been held annually since 2003 by the Chamber of Commerce and Industry of Moldova and the State Agency for the Protection of Intellectual Property (AGEPI). The aim of the competition is to promote successful practices in business to provide to consumers with the best products and local brands.  

According to the Agriculture Ministry, crops have been sown on 1,143,500 ha (96% of the area under crops planned). Wheat has been sowed on 268,900 ha (82% of the 325,000 planned) and the harvest is expected to be 1,061,100 tonnes.  Barley has been sown at 60,100 ha (70%) and the yield is expected at 162,900 tonnes. 29,400 ha have been sown with rape (11% more than planned). The yield is expected at 77,900 tonnes. Maize has been sown on 376,300 ha (84% of the area planned) and is expected to bring the harvest of 1,430,100 tonnes. Pea has been planted on 15,500 ha, 56% up from the area planned. The harvest is expected at 38,800 tonnes. Sunflower has been sown at 317,400 ha (51% up from the plan) and is expected to bring the harvest of 634m800 tonnes. Soya has bee planted on 41,400 ha (75% of the plan) and its harvest is expected at 91,199 tonnes. Sugar beets have been planted on 22,000 ha (88% of the area planned) and the yield will make 991.9 tonnes. 180 ha have been sown with tobacco (36%) and the harvest is expected at 324 tonnes. // 15.06.2017 — InfoMarket

According to the World Bank's June Global Economic Prospects report, the World Bank expects a 4% GDP growth in 2017, instead of the previously forecasted 2.8%, and by 2018 - 3.7% instead of 3.3%. At the same time, though in its previous January report on the Global Economic Prospects WB experts predicted a GDP growth of 3.7% for 2019, now they have lowered their forecast to 3.5%. Experts of the World Bank believe that in 2017-2019 the economic growth in Moldova will be supported by consumption and fiscal policy stimulating. It is expected that in 2017, higher than expected earlier, the growth of Moldova's GDP will be achieved due to a significant increase in exports, a good harvest of agricultural products, increased consumption, increased wages, and in 2018 - due to the growth of public investment and further increase in cash transfers from abroad from the labor migrants, an increase in the inflow of foreign investment amid the improvement of the situation in the financial sector and the improvement of the business climate. At the same time, among the risks to the economic growth, the WB experts mention a possible slowdown in the implementation of the reforms in the period ahead of the 2018 parliamentary elections, as well as the possible weaker economic growth in Moldova's key partners - the EU and Russia, which could negatively affect the economic growth of our country. It should be noted that according to the National Bureau of Statistics, Moldova's GDP in 2016 increased by 4.1%, amounting to 134 billion 476 million lei at current market prices. In March 2017, the Ministry of Economy of Moldova has improved the country's GDP growth forecast for 2017 from 3% to 4.5%, while maintaining the GDP growth forecast for 2018 at 3.5%. The IMF also raised the forecast for the GDP growth in Moldova for 2017 from 3% to 4.5%. The fund's experts also improved the forecast for the growth of the Moldovan economy for 2018 - from 3.6% to 3.7%. The European Bank for Reconstruction and Development raised the forecast for the economic growth in Moldova for this year from 2.5% to 3%. At the same time, in 2018, the EBRD experts forecast a 3.5% growth of the Moldovan. // 05.06.2017- InfoMarket.

Deputy Minister of Agriculture and Food Industry Iurie Usurelu stated this at a press conference on May 12. He noted that it would be possible to talk about the sizes and forms of compensation (from direct payments to the provision of equipment) only after receiving and analyzing the information about all plantations and all types of crops, and in view of the fact that some fruits (apples, peaches, etc.) mature later than others, the full picture can only be understood in the first or second half of June. Iurie Usurelu stressed that the agency does not want a repetition of the situation in 2014, when a loan was taken from the World Bank to pay compensation to farmers because of Russia's embargo on Moldovan products, however, the compensation was paid not only to those who actually suffered, but also to those whom this situation did not affect at all. Therefore, now a thorough check of the incoming information will be carried out. According to the information received from 29 district councils, the most part of the damage fell on Cantemir, Cahul, Causeni, Calarasi, Ungheni, Taraclia districts and Gagauzia. According to the first results received from the district councils, the total affected area is 34.5 thousand hectares. It has been damaged from 5% to 100% of the plantation area: vegetables - 112.4 thousand hectares; field crops – 19.4 thousand hectares; perennial crops and vineyards - 14.9 thousand hectares. Also there have been affected 28.3 thousand square meters of hothouses, 105 sq. m. of granaries. Most affected is the crop of plums and nuts. However, the information on fruits will be obtained only in the first or in the second half of June, when the situation with fruits will be clear. Iurie Usurelu said that during the visits to the agricultural areas carried out by the experts from the Ministry of Agriculture, the Agrarian University and other specialists, it was revealed that some information about the damage caused is inaccurate and the damage level is not as large as it was stated. In particular, according to the reports received by the Ministry of Agriculture, the seed crop (sunflower, corn) suffered 100%, and in fact - only 5-10% only because the farmers planted them ahead of time. The way to punish farmers who provide untrue information is not yet approved and will be considered later. In this regard, Iurie Ususrelu stated that already next week, representatives of the Ministry of Agriculture and AIPA will start the trips to the plantations to check the incoming information and assess the damage. The trips will be divided into stages according to the categories of the harvest. First of all, the plantations of cherries and sour cherries will be checked, then apricots, peaches, apples, plums, etc. // 12.05.2017 - InfoMarket

In May 2007 the “first peg” was hammered in and ground works started. In the autumn the workers began concreting and erecting the infrastructure of the terminals. The first ship was loaded with grain in October 2009. The sunflower oil terminals were put into operation in 2011. In the autumn of 2016, as a new terminal and a deep-water wharf were built and high-speed loading appliance was installed, the capacity of the port increased from 500,000 tonnes to 1,600,000 tonnes a year. Over the last decade, Trans-Oil, with the support of the European Bank for Reconstruction and Development (EBRD), Societe Generale  and WBC, has invested in the port over USD 20,000,000. Currently, the Trans-Oil facilities in Giurgiulesti port are enough to store for further transshipment 70,000 tonnes of grain; 7,500 tonnes of sunflower oil and 8,000 tonnes of oilseed meal. And all this has become possible thanks to the “first peg", which was hammered in May 2007. Since then, Trans-Oil has been continuing to build up its facilities in Giurgiulesti Port.

This is what the European Bank for Reconstruction and Development (EBRD) says in its May issue of the Regional Economic Prospects. In 2018 GDP of Moldova will grow 3.5%, EBRD supposes.  Let’s remind that in November, EBRD revised its growth projection for Moldova for 2017 up from 2% to 2.5%.  IMF has also revised the GDP projection for our country, from 3% to 4.5% for 2017 and from 3.6% to 3.7% for 2018. In March 2017, Moldova’s Economy Ministry improved the 2017 GDP projection from 3% to 4.5%, but preserved the 2018 projection at 3.5%. In terms of nominal value, GDP is projected at MDL 148.3 billion and MDL 161.9 billion in 2017 and 2018 respectively.  By rough estimates of NBS, in 2016 GDP of Moldova increased 4.1% to MDL 134 billion 467 million in current market prices. // 10.05.2017- InfoMarket.

The corresponding project decision is another topic at the Cabinet meeting. Grain firms will be given depending on the contract concluded. They, in turn, will be required to provide a bank guarantee. Return 30 thousand tons of wheat from the harvest this year, farmers should before October 1.The Agency for Material Reserves will develop a selection procedure for agricultural producers who will receive wheat. Last year, the agrarians harvested about 1 million 300 thousand tons of grain – one third more than in 2015.

At a sitting of the parliamentary commission for agriculture and processing industry, Deputy Minister Ion Parea said the farmers’ fears for the sugar beet harvest had not realized because about 23 hectares of the beet had been saved thanks to snow. “As for orchards, the ministry needs 4 to 5 days more to estimate the damage, but bees have come back. By May 5 the situation will have been clearer with vineyards, but the harvest of rape will be 10 to 15% less because of the snowfall”, he said.  According to Ion Parea, the Agriculture Ministry is working together with local authorities to draft recommendations for households that suffered from the adverse weather and to help them.  On Wednesday, suppliers of seeds and saplings said to the Ministry that they had had enough seeds and plant protection agents  it case some of the plantations be resowed and  they were not going to raise the prices and were even ready to offer farmers payment grace periods until the new harvest. Nevertheless, the members of the parliamentary commission were critical at the Agriculture Ministry for the “work in office” and for having incomplete information about the damage the cyclone had caused to Moldova, especially, its southern region.  // 26.04.2017 – InfoMarket.

Russia is one of the world’s largest producers and exporters of sunflower oil, therefore its experience and development prospects, processing and export opportunities are very useful for TRANS-OIL, the only producer of sunflower oil in Moldova. It was noted at the conference that the volume of sunflower oil production in Russia increased by 68% from 2011 to 2016 and reached 5.1 million tons in 2016. There were produced more than 1 million tons of sunflower oil in 2015. The export amounted to 2.5 million tons of sunflower oil in 2016. At the same time, the capacities of the oil extraction plants throughout Russia are only 65% of their capacity. TRANS-OIL notes that a similar situation is in Moldova: Two of the company’s oil extraction plants are facing a shortage of raw materials. The main reason for this situation is the sale of raw seeds to the markets of Romania and Ukraine. The average of 90 thousand tons of sunflower oil is produced in Moldova annualy, 90% is exported to the markets of more than 20 countries. The conference in Moscow was attended by 150 representatives of the largest processing enterprises of the Fat & Oil industry, oilseeds producers, technologies and equipment suppliers, traders, industry analysts from Russia and countries of the Eurasian Economic Union, Latvia, Turkey and other countries. The participants have adopted a resolution which is an appeal to the authorities with a request to develop and implement a mechanism to stimulate production of oilseeds by optimizing crop rotations and the use of technologies, meaning the subsidies for processing of 1 ton of oilseeds; it is also advised to include sunflower oil in the list of certain types of socially important food products and harmonize technical regulations for Fat & Oil products in accordance with the international requirements CODEX, ALIMENTARIUS, etc.

The summit will be held in Odessa in the summer. The forum was organized by the APK-Inform news agency and the International Sunflower Oil Association (ISOA), founded in 2015 in Rome by representatives of national industry associations of leading countries of sunflower oil exporters and importers (Ukraine, China, Hungary, Russia, Spain, and Argentina). The leadership of the group of companies TRANS-OIL believes that participation in the summit will allow us to better assess the prospects for the development of the industry in the region and mutually beneficial cooperation. TRANS-OIL will also consider the possibility of joining the ISOA. The TRANS-OIL group of companies is the only sunflower oil producer in Moldova; it owns 2 oil-extraction plants, elevators, port terminals in Giurgiulesti and Reni. 90% of the oil produced in Moldova is exported to more than 20 countries in Europe, Africa, Asia and the Middle East. It is worth noting that the first summit was held in 2015 in China and gathered more than 250 participants. This year the event will cover two days of excursions and meetings for importers; another day of the summit (July 11) is dedicated to conferences and discussions. A mini-exhibition will also operate within the framework of the event. Leading operators of the world market of sunflower oil – exporters and traders from the Black Sea region, EU countries, buyers of oil from Asia, as well as oil and fat companies, investment funds, broker companies, experts in assessing the quality of oilseeds and processed products, engineering companies, etc. will take part in the summit. More than 300 people are expected to attend the summit.

As InfoMarket agency was informed at the National Bureau of Statistics, at the same time, in 2016, in comparison to the previous year, the average selling prices of crop products decreased by 4,1%, livestock production – decreased by 0.2%. Among the most important crop production in 2016, the decrease was significant in the prices for berries – by 38.4%, melons – by 10.9%, cereals and legumes – by 8.7%. At the same time, buckwheat prices dropped by 28.2%, rice – by 11.7%, wheat – by 10.5%, maize – 5.1%. Prices of seed fruits decreased by 3.7%, sunflower – by 3.4%, rape – by 3.1%. At the same time, it increased the prices for potatoes – by 19.5%, tobacco – by 16.8%, grapes – by 15.7%, sugar beet – 10.1%, stone-fruits – by 2.7% soybeans – by 2.6%, vegetables – by 1.6%. Average selling prices of animal products decreased by 0.2%, while prices for sheep and goats in live weight fell by 31.1%. Eggs became cheaper by 0.9%. At the same time, in the past year, increased the selling price of cattle meat (in live weight) – by 11.6%, poultry (live weight) – 7.3%, pork (live weight) – 2 %, milk – by 9.3%. // 06.03.2017- InfoMarket.