Imports do not stop, but processors are already buying Bulgarian sunflower

Published 2023년 5월 12일

Tridge summary

A ban on the import of four Ukrainian agricultural goods has led to a collapse in international prices, causing market disruption at the European and global level, as highlighted by Bulgarian farmer Ivan Balabanov. The price of crude sunflower oil has significantly dropped, leading to potential losses for producers, despite continued imports from Ukraine under pre-concluded contracts. The low price of crude sunflower oil is putting pressure on processors, who are unable to offer more to farmers as the market value of their final product is at a record low. The high cost of grain storage and fears of livestock farmers going bankrupt due to expensive feed are adding to the financial strain on farmers, who are facing rising costs for machinery spare parts, seeds, plant protection preparations, and wages, amidst inflation.

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

Original content

After the introduction of the ban on the import of four Ukrainian agricultural goods to countries affected by duty-free trade, the effect on producers is controversial because international prices have collapsed. Vote: Are you planning to invest in your farm this year? "There is a stir in trade, but in a negative way, as prices are currently falling, and the market is being pushed extremely hard by political means. This process is at the European and global level, and is not determined in any way by Bulgaria", this is how farmer Ivan Balabanov, who cultivates agricultural land in the General Toshevo region, commented on the market situation for Agri.BG. He said that the price of crude sunflower oil drops inexplicably every day, and on Thursday it was $890/t. At the moment, with a purchase price of BGN 750/ton of sunflower, producers report a loss of BGN 40/ha if they had an average yield of BGN 340/ha. Cases in which farmers harvest 200 kg/ha, as happens in southern Bulgaria, are ...

Source: Agri