KEYWORDS TODAY:   BUDGETWESTINGHOUSESIGMACARETAKER GOVERNMENTKTB

HOT: » Bulgaria's President is holding political consultations with party leaders after GERB's decision to withdraw its support from the 2014 budget update

Bulgaria to Increase Wheat Exports

Business | May 7, 2014, Wednesday // 11:26| Views: 779 | Comments: 0
  • Send to Kindle
Bulgaria: Bulgaria to Increase Wheat Exports Photo: Wikipedia, User:Bluemoose

Bulgaria is expected to export record quantities of wheat this year, according to the GAIN report of the USDA Foreign Agricultural Service. 

The main reason, according to the report, was the increased demand due to the weak exports from Ukraine. 

“In 2014 wheat exports have set a sustained pace that will establish a record spurred on by export demand and deepening escalation of political tensions in the Black Sea region”, the report said. 

According to the report, in the nine months since July 2013 Bulgaria exported 3.281 M tons of wheat, of which 2.252 M tons for the EU. 

"The new annual total trade export projection is increased to 3.4 MMT – a record if achieved, or 100 000 tons higher than the previous estimate of 3.3 M tons, released in January. The GFA estimates the country could export up to another 150 000 tons thru the end of June, without risking any local shortages”, the report said.

Business » Be a reporter: Write and send your article
Tags: wheat, exports, USDA, Bulgaria, Ukraine
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria