Bulgarian sunseed production has been following an upward trend since three years ago. Apart from an expanding planted area, this time period saw a rise in yields. According to preliminary results of the 2017/18 season, the two factors combined brought the sunseed crop to a record level.
In the 2017/18 season, the rise in sunseed supply not only enhanced Bulgaria’s export potential but also led to higher domestic crushing.
Bulgarian sunseed exports in September-January showed a sharp increase of over 58% against last season. This jump in exports was achieved due to strong demand from European importers, who already absorb over 82% of total exports this season against less than 80% before.
UkrAgroConsult estimates total sunseed exports in MY 2017/18 will amount 40% of the total crop. So, most of the sunseed crop will be processed inside the country – this is typical for Bulgaria since MY 2014/15.
Outlook for the new 2018/19 season
Diversification of Bulgaria’s crop sown areas in favor of rape, niche crops, and pulses is expected in the next 2018/19 season. Taking into account the current situation, UkrAgroConsult forecasts sunflower plantings to shrink somewhat.
According to Bulgaria’s Ag Ministry, sunflower planting as of May 3, 2018 was also far behind the progress of last year (down 20.5%). Farmers had sown 595.8 Th ha by that date against 749.7 Th ha a year ago.
The sunseed crop decrease will reduce both domestic crushing and exports. In addition, Bulgaria will enter the next season with lower sunseed inventories.
Full version of the article is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.
Detailed information on oilseed and vegetable oils markets prospects in the 2018/19 season in the countries of Black Sea Region will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.
Annual International Conference “Black Sea Oil Trade” – is an effective opportunity to discuss the latest tendencies in oilseed and vegoil sector of Ukraine and Black Sea region.
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