Imports of oilseed rape in Bulgaria have jumped 4 times in 2020-2021

Published 2021년 9월 30일

Tridge summary

Preliminary data from the National Statistical Institute (NSI) of Bulgaria reveals a significant increase in the country's oilseed rape imports, with figures for the period July 2020-June 2021 showing a fourfold increase to 78,000 tons. This surge is primarily due to a domestic shortage, resulting from low national production and large exports to the European Union in 2020. The period also highlights a rise in the production of rapeseed oil in Bulgaria. Additionally, the article notes a notable increase in wheat and barley exports through the Port of Varna, with wheat exports seeing a 62.3% rise and barley exports up by 21.6% compared to the previous year.

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

Original content

According to preliminary NSI data, the import of oilseed rape in the period July 2020-June 2021 has quadrupled and reached 78 thousand tons. From July this year to September 26, 2021, there are no data on the export or import of rapeseed through the ports. The reasons for this jump within 12 months (July-June 2021) are several. When rapeseed was harvested last year, low national production was reported - 276,846 tons. Of these, 192 thousand tons were exported to EU countries by the end of 2020, with the largest quantities sent to the Netherlands and Belgium. Exports averaged $ 467 per tonne, and the total value of exports was nearly $ 90 million. Active exports have caused a certain shortage in the domestic market, which has led to a reverse movement - imports. By March 2021 alone, 53,000 tons were imported to Bulgaria, mostly from Ukraine, Serbia and Romania. According to NSI data, in recent years there has been an increase in the production of rapeseed oil in Bulgaria - from ...

Source: Agroplovdiv