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Moldova faces worst drought in 50 years

Vineri, 13 iulie 2007, 0:00

The Republic of Moldova will buy this year between 230,000 and 260,000 tons of wheat, over half of its annual consumption, because of the severe and prolonged drought this year, considered the most devastating in 50 years, a governmental source declared for Itar-Tass online.

The Kishinev Parliament decreased the import tax 5% and the VAT 20% in order to reduce the drought's effects and to compensate the increasing price of cereals on the international market.

The wheat acquisition from state reserves already caused the prices' growth some 30%, compared to 2006. Still, authorities say that bread and bakery products will not become more expensive.

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