Sunseed Prices in Bulgaria Continue Following a Downward Trend

Business » INDUSTRY | October 2, 2018, Tuesday // 16:07| Views: | Comments: 0
Bulgaria: Sunseed Prices in Bulgaria Continue Following a Downward Trend

The Bulgarian rapeseed market was stable over the last week. Rapeseed price closed it unchanged at BGN 680/MT that is equivalent to USD 409/MT (+ USD 5/MT). The pace of export shipments has slowed down over the past seven days, reports UkrAgroConsult.

Sunseed market prices continue following a downward trend. As before, the main factor is advancing harvest, which is now 14% behind last year against 18% behind last year a week ago.

According to Bulgaria's Ag Ministry, sunseed had been harvested from 476.3 Th ha by September 12 (65% of its forecast area of 734.3 Th ha). The crop amounted to 1242.4 KMT with a yield of 2.61 MT/ha (up 16.5% year-over-year). In addition, slower oilseed exports are reported at the beginning of the new season, UkrAgroConsult’s analysts note.  Sunseed price closed the reporting week down BGN 3/MT at BGN 549/MT (+ USD 2/MT).

At the same time, grain harvesting has already completed. Grain yields are lower than a year ago, except for corn. Bulgarian farmers continue harvesting corn. Corn yield looks rather optimistic this year, reports UkrAgroConsult.

Industry » Be a reporter: Write and send your article
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Please, log in to post a comment.
» To the forumComments (0)
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