Stable sunflower export from Bulgaria in the new season

Published 2023년 12월 21일

Tridge summary

Bulgaria's sunflower exports for the first 4 months of the new season are stable, with almost 0.15 Mt exported since the beginning of September. This volume is 10% below last year's, but on par with the average over the last 5 years. The weak harvest this year, combined with import bans, is expected to lead to a decline in sunflower, oil, and meal exports, with the Netherlands being the biggest buyer this season.

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

Original content

Sunflower exports from Bulgaria for the first 4 months of the new season seem stable despite the difficulties. Bulgarian companies have exported almost 0.15 Mt of sunflower since the beginning of the season as of the first of September. Exported volumes are 10% below last year's, but roughly equal to the average for the last 5 years. According to our balance sheets, our country started the year with the highest levels of opening stocks in recent years. However, at the expense of this, the total supply in the new season is at one of the lowest levels due to the extremely weak harvest this year. Farmers harvested about 1.7Mt of sunflower this season, which is 15% less than the previous season. In addition, the ban on imports from May further limited the quantities in the country. This will undoubtedly lead to a decline in sunflower, oil ...

Source: Agroportal