Bulgaria: Exports of sunflower meal fell 29% from the record

Published 2024년 9월 10일

Tridge summary

In the 2023/24 season, Bulgaria's sunflower meal exports dropped by 29% from the previous year's record, reaching just under 0.5 million metric tons (Mmt). Despite this decline, exports were slightly above the five-year average of 0.48 Mmt, due to a weak harvest in 2023. The majority of these exports, 0.42 Mmt, went to third countries, with China being the largest buyer at 0.37 Mmt, making up 76% of all exports. In the 2022/23 season, exports were higher at 0.7 Mmt, with China also leading the market share.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The export of sunflower meal from Bulgaria for the 2023/24 season marked a significant drop from the record level recorded in the previous year. The total volume of exports from the country for the period September 2023 - August 2024 amounted to just under 0.5Mmt, which is 29% less than in 2022/23, when we exported almost 0.7Mmt of sunflower meal. Despite the drop compared to the 2021/22 season, exports remain slightly above the average for the last 5 years - 0.48Mt. This is expected given the reduced quantities of sunflower in the country due to the weak harvest in 2023. And this year yields are even lower, that is, we cannot expect a high export of meal, if the import of sunflower in the country does not suddenly increase. Less production in the entire Black Sea region will make this task even more difficult. About 70 Kmt were exported to EU countries, and the remaining 0.42 Mmt found a market in third countries. China is again the largest buyer of Bulgarian meal, and this year ...

Source: Agroportal