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Bulgaria reinforcing its position as a sunseed exporter and crusher

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Author:

Svetlana Kupreeva

UkrAgroConsult

Analyst

According to UkrAgroConsult’s estimates, Bulgaria slightly reduced sunflower seed crop in MY 2019/20. Restoration of its plantings to 820 Th ha (+3.6% from MY 2018/19) was nullified by a yield drop (-5% from MY 2018/19).

The optimistic scenario, which was topical early this season, had to be adjusted due to the weather factor.

The sunseed crop shortage will be offset by imports, which totaled a record in the first two months.

At the same time, domestic sunseed crush will continue increasing. This will lead to a record export potential of the sunflower oil market in MY 2019/20. First months show a growth in purchases from the key buyers of sunflower seed oil.

More detailed information on the latest trends in grain exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics "Black Sea Grain" in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. We offer 7-days trial! Completely free!

 

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