Russia Implements Six-Month Ban on Gasoline Exports
To address increased domestic demand and facilitate refinery maintenance, Russia has announced a six-month ban on gasoline exports starting from March 1
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria to export over 2 million tonnes of wheat in 2014, despite the lower yields compared to 2013, according to Ignat Angelov, Chair of the Union of Agricultural Cooperatives “Danube 2000.”
In a Sunday interview for Radio Focus – Veliko Tarnovo, Angelov argued that the decrease by 10-15% in the yield in the 2013-2014 agricultural year would not have a negative impact on exports.
He informed that the total bread wheat yield in 2013 had amounted to over 4 million tonnes, adding that it was expected to reach a similar level in 2014, at around 4 million tonnes.
He said that Bulgaria’s consumption traditionally stood at 1.8-2 million tonnes, meaning that there would be enough wheat to meet local demands.
He said that the decrease in purchasing price of wheat was supposed to result in lower bread prices
Angelov dismissed forecasts of increases in bread prices due to the upcoming power price hike, stressing that electricity accounted for 5-6% of the total cost of bread, compared to a share of 75-80% of wheat.
He said that purchase prices had decreased on an annual basis, with wheat trading at BGN 260 per tonne, compared to BGN 290 per tonne in 2013, and sunflower selling for BGN 500 per tonne, compared to BGN 550 per tonne in 2013.
Angelov claimed that the downward trend was not a good start for the new agricultural year as the revenues from the production hardly sufficed to cover expenses for the cultivation of the crops.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
LinkedIn, the go-to platform for job seekers worldwide, is considering incorporating gaming elements into its services. In a move aimed at enhancing user engagement
Today, just before 8 a.m., the mortal remains of Bulgarian Patriarch Neophyte were laid out for veneration at Patriarchal Cathedral "St. Alexander Nevsky"
Are you looking for inspiration for your next travels? Or perhaps a journey to the most interesting places you see in your favourite movies?
The Bulgarian Parliament has ratified the Agreement between the Government of the Republic of Bulgaria and the Government of the United States on cooperation regarding the construction of nuclear power at the Kozloduy Nuclear Power Plant
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion