Oilseed Day held in Brčko: Agricultural potential of BiH – can we resist imported food?

The Institute for the Development and Improvement of Agriculture – IRUP Brčko and the BIMAL company held the Day of Oilseeds on the topic “Agricultural potential of BiH – can we resist imported food”.

The natural potential of Bosnia and Herzegovina, agricultural incentives as well as cooperation with large producers such as the BIMAL company can be key elements in the fight against excessive food imports in the previous period.

“Domestic producers encounter a large number of different administrative and economic challenges every day, however, in cooperation with institutes such as ours and by connecting farmers with government representatives, we try to find common solutions that will help highlight the importance of domestic production and therefore affect the reduction of food imports” pointed out Azelea Suljkanović, director of IRUP Brčko.

Suljkanović emphasized that she is particularly pleased that for the nineteenth time in a row IRUP and the company BIMAL dd have traditionally gathered over 150 agricultural producers and officials on the Day of Oilseeds. This event is a unique opportunity to share experiences and to talk about why it is important to improve domestic agricultural production because when there are major economic crises such as the COVID crisis or now the conflict in Ukraine, then we see that food imports significantly affect prices final products. Having your own domestic production means resisting large price fluctuations and preserving your market, and consequently your consumers.

“Farmers at such an event have the opportunity to communicate directly with government representatives and get answers to questions that are of great importance for their business and survival in difficult market conditions,” said Suljkanović.

Panel participants were representatives of the Ministry of Agriculture of the Republika Srpska and the Federation of Bosnia and Herzegovina, the Department of Agriculture of the Brčko District, and the Ministry of Agriculture of the Posavina County along with the organizer of agricultural production. Through the discussion and interaction of the participants, it was concluded that producers can be stimulated by planning production and various incentives and subsidies so that in BiH market reduced food imports.

Oilseed Day held in Brčko: Agricultural potential of BiH – can we resist imported food?

The Institute for the Development and Improvement of Agriculture – IRUP Brčko and the BIMAL company held the Day of Oilseeds on the topic “Agricultural potential of BiH – can we resist imported food”.

The natural potential of Bosnia and Herzegovina, agricultural incentives as well as cooperation with large producers such as the BIMAL company can be key elements in the fight against excessive food imports in the previous period.

“Domestic producers encounter a large number of different administrative and economic challenges every day, however, in cooperation with institutes such as ours and by connecting farmers with government representatives, we try to find common solutions that will help highlight the importance of domestic production and therefore affect the reduction of food imports” pointed out Azelea Suljkanović, director of IRUP Brčko.

Suljkanović emphasized that she is particularly pleased that for the nineteenth time in a row IRUP and the company BIMAL dd have traditionally gathered over 150 agricultural producers and officials on the Day of Oilseeds. This event is a unique opportunity to share experiences and to talk about why it is important to improve domestic agricultural production because when there are major economic crises such as the COVID crisis or now the conflict in Ukraine, then we see that food imports significantly affect prices final products. Having your own domestic production means resisting large price fluctuations and preserving your market, and consequently your consumers.

“Farmers at such an event have the opportunity to communicate directly with government representatives and get answers to questions that are of great importance for their business and survival in difficult market conditions,” said Suljkanović.

Panel participants were representatives of the Ministry of Agriculture of the Republika Srpska and the Federation of Bosnia and Herzegovina, the Department of Agriculture of the Brčko District, and the Ministry of Agriculture of the Posavina County along with the organizer of agricultural production. Through the discussion and interaction of the participants, it was concluded that producers can be stimulated by planning production and various incentives and subsidies so that in BiH market reduced food imports.

Oilseeds Day was held in Brčko: Domestic production, a priority in times of crisis

Organized by the Institute for the Development and Improvement of Agriculture – IRUP Brčko and the company BIMAL, the Day of Oilseeds was held on the topic “The Importance of Domestic Production and Food Stocks in Times of Crisis”. After almost two years, agricultural producers had the opportunity to meet in one place and talk with representatives of relevant institutions about the state of agriculture.

“The crisis caused by COVID reminded us of the strength and importance of domestic production to the greatest extent so far. Only own food production can provide security for Bosnia and Herzegovina, and strong agricultural production and an increase in the raw material base is the basis for stable food production,” said BIMAL Executive Director for Economic Affairs Ševal Suljkanović.

Agricultural production in Bosnia and Herzegovina, especially when it comes to industrial plants and oilseed crops, has room for development. This requires a set of measures and incentives that will encourage producers to enter sowing and increase the sown areas, say farmers.

“Oilseed Day exists to provide an opportunity for agricultural producers of oilseeds to receive information about the guaranteed purchase provided by the only domestic edible oil factory BIMAL. By increasing the raw material base of oilseeds in Bosnia and Herzegovina, we will together stop the dependence on the import of raw materials and have a positive effect on domestic agriculture and the protection of domestic producers,” added Suljkanović.

Representatives of the Ministry of Agriculture of the Republika Srpska and the Federation of Bosnia and Herzegovina, the Department of Agriculture of the Brčko District, and the Ministry of Agriculture of the Posavina County spoke about the activities carried out by the relevant institutions in order to improve the state of domestic agriculture and stimulate production at the time of rising prices of raw materials.

The conclusion of the Day of Oilseeds is that domestic agricultural production can be developed and thus ensure an adequate raw material base and food supply in crises. With the joint effort of all actors participating in this process, farmers have a better chance of turning to production and strengthening domestic competitiveness. Finally, it was pointed out that domestic production without awareness of buying domestic products cannot bring about significant changes in the country by itself.

BIMAL is the first in the production of food products

On the 34th. award ceremony within the “100 largest in BiH” project, edible oil factory BIMAL is on the first place in the ranking of activities “Production of food products”. Based on the indicators from the financial report for last year, the company from Brc is once again the leader in this category.

“BIMAL maintains its leadership status through the quality of its products, investments and continuous development, in which all our employees participate. Business in the food industry has been under the strong pressure of the coronavirus for too long, therefore the first place in the production of food products is one of the indicators that the affiliation of BIMAL to the STUDEN Group enables a stable business environment,” said Nataša Pucar, Director of Corporate Communications of the STUDEN Group.

The “100 largest in BiH” project is traditionally organized by Poslovne novine in cooperation with the Foreign Trade Chamber of BiH and credit rating agency LRC Sarajevo. Based on indicators from the balance sheet and profit and loss account, BH. the economy is presented in rankings arranged by activity.

“The event “100 largest in BiH” has a significant impact on the perception of the domestic economy. This is a place for presenting success stories, growing businesses and companies that contribute to the development of our country,” said Pucar.

Brčanski BIMAL is the only edible oil factory in Bosnia and Herzegovina, and the products under the brand of the same name are the only domestic products in the category of basic foodstuffs. The company operates within the BIMAL Group, which, in addition to production in BiH, also owns a factory for the production of edible oil in Serbia, in Sombor. Investments in business development resulted in expansion of capacities and markets, which means that BIMAL products are now found all over the world.

Stable business of BIMAL

Although the current business year brought significant challenges to the overall food industry, the complexity of the market was particularly evident in the oil industry. Nevertheless, thanks to strategic business planning, BIMAL from Brc successfully responded to the difficult working conditions and continued with the positive business trend.

According to the last six-month report, BIMAL shows stable operations with somewhat reduced revenues, but with the realization of planned results and a half-yearly profit in the amount of 2,436,066 KM.