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Grain producers in Bulgaria expect 15-20% less crops due to the recent heavy rainfalls which will also affect the prices of wheat and cereal.
Bread producers are worried that the rains will worsen the quality of wheat which will raise the production costs due to the need to use ingredient substitutions, NovaTv reports.
Some regions in Northwestern and Southern Bulgaria have recorded rainfalls totaling 70% of the average annual precipitation in just a month and a half.
The estimated increase in bread prices is no higher than BGN 0.001-0.002, however it can grow ten times until it reaches the end consumer.
One week after the start of the US and Israeli strikes against Iran, the effects are already visible on global oil markets. The escalation quickly influenced trading on international exchanges, where crude oil prices reacted to the rising uncertainty surr
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In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
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Fuel prices in Bulgaria have risen by 2 to 5 percent over the past week, largely due to supply restrictions following the outbreak of military operations in the Middle East
In Bulgaria, fuel industry experts warn that if oil prices reach USD 100 per barrel, gasoline at the pump could exceed €1.50 per liter.
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