The price of the lavender oil in Bulgaria is insanely low

Published 2022년 7월 24일

Tridge summary

Farmers in Dobrudja are experiencing a paradoxical situation with lavender oil production, as they have seen a significant increase in yield this year, up to 12 kg/ha, but are faced with extremely low prices, the lowest since 2018. The price has dropped dramatically from a high of 200-280 BGN/kg in 2018 to 50-55 BGN/kg currently, with traders offering as low as 30-35 BGN/kg during the campaign. The market is uncertain, and only organic producers are finding some stability. However, the high extraction costs mean that at these prices, it is not financially viable for farmers to grow lavender, leading to a decrease in lavender cultivation. Out of over 90,000 decares in the Dobrichka region, 69,000 have already been harvested, and it is anticipated that the harvest will be completed soon.

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

Original content

Good yields, insanely low prices! This is how farmers from Dobrudja summarize the picture in the production of lavender oil. In this year, nature proved to be kind to the farmers and provided conditions suitable for the development of the essential oil culture. Vote: Are you satisfied with the work of Minister Ivan Ivanov and his team? At this stage, good amounts of green mass are harvested from the lavender fields, which in the distilleries yield 10-12 kg/ha of oil. This is two to three times more than in the summer of 2021. Against the background of rising costs of lavender oil production, its price continues to fall. It is several times lower than the peak a few years ago. In 2018, a unique record of 200-250, even 280 BGN/kg of oil was reached. Unfortunately, after that there was a sharp drop in the price to BGN 50-55/kg, and currently, according to the producers, the offers are even lower. There is great ambiguity and uncertainty in the lavender oil market, share the farmers ...

Source: Agri