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Bulgaria to Increase Wheat Exports
Business | May 7, 2014, Wednesday // 11:26
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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.
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