A record-large planted area will allow Bulgarian farmers to gather close to the record sunflower seed crop in 2020. Meanwhile, the yield forecast decreased by 4% from the July forecast due to an adverse impact of drought in southeastern Bulgaria.
Domestic crush (sunflower oil and dehulling of sunflower seed) will drop, but remains in priority. Sunflower seed imports are expected to decrease. Russia will very likely restrict sunflower seed exports in the new season in view of a crop decline (Russia accounted for over 35% of total imports in MY 2018/19).
Rapeseed crop will be smallest since MY 2010/11 because of the planted area shrank for a second season in a row.
A tight rapeseed balance in Bulgaria in view of EU demand underpins domestic prices, which are at the highest level since January 2018, UkrAgroConsult reports.
Full version of the article is available to subscribers for Online Analytics "Black Sea Vegoils" in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Share in social media:
More market news:
If you have any questions, please contact us:
Leave us a message, and our manager
will contact you as soon as possible.