FAS Sofia is expecting the smallest sunflower crop in Bulgaria in a decade

Published 2024년 9월 12일

Tridge summary

The USDA office in Sofia is predicting a decrease in Bulgaria's oilseed harvest in the 2024/25 season due to hot and dry weather conditions. The canola crop is estimated to be 9% less than last year and 36% less than the 2022/23 season. Sunflower production is also expected to decline by about 5%, making it the lowest since 2013. This will force oil refiners to import more sunflower and lead to an increase in prices of processed products. Bulgaria is expected to import canola from Canada for the first time this season.

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

Original content

The USDA office in Sofia (FAS Sofia) predicts a decrease in the oilseed harvest in Bulgaria in the 2024/25 season, due to extremely hot and dry weather conditions in July and August. FAS Sofia estimates the canola crop at 190,000 metric tons (MT), which is 9% less than last year and 36% less than 2022/23. This estimate is based on preliminary harvest data that show a decline in average yields. Our latest estimate available to our subscribers in the Balances section is 189 Kmt. We remind you that in 2023/2024, Bulgaria became a net importer of rapeseed due to the decline in production and strengthening of demand. The country imported a record amount of rapeseed in the previous season - 183 Kmt. According to our sources, for the first time Bulgaria will import canola from Canada this season. A local processor has contracted at least 1 canola cargo from Canada for delivery in October. With increasing trade due to the expansion of domestic processing capacity, the USDA office in ...

Source: Agroportal