Sunflower seed supply in Bulgaria’s market was shrinking due to holidays and because growers were focused on planting. Single market participants, who are in particular need for the commodity, raised prices in the hope to attract more sunflower seed. Its price closed the week up BGN 2/MT at BGN 573/MT. Due to the influence of the currency factor, this is equivalent to last week’s USD 328/MT.
According to the Ag Ministry of Bulgaria, 624.2 Th ha had been planted to sunflower by April 25 against 487.9 Th ha last year (+27.9%), reports UkrAgroConsult.
The rapeseed market remains flat, still taking a wait-and-see attitude.
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