Bulgaria: The association of producers of vegetable oils and oil products want imports from Ukraine to continue

Published 2023년 4월 21일

Tridge summary

The article highlights the concerns of the Association of Producers of Vegetable Oils and Oil Products in Bulgaria regarding the government's temporary measures to limit the import of grains and oilseed crops from Ukraine. The association warns that these measures will lead to the bankruptcy of Bulgarian processing companies and a chronic shortage of sunflower oil for domestic consumption, potentially resulting in inflation. The association proposes that processing of Ukrainian sunflower should be allowed under full responsibility of the processing enterprises to avoid these negative consequences. The industry is highly export-oriented and generates a significant portion of Bulgaria's GDP and tax revenue.

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

Original content

The temporary measures to limit the import of grains and oilseed crops from Ukraine will lead to the bankruptcy of processing companies in Bulgaria. This is the opinion of the Association of Producers of Vegetable Oils and Oil Products, which insists on an urgent meeting with President Rumen Radev, Acting Prime Minister Galab Donev and the Ministers of Agriculture and Economy. "In view of the restrictions imposed this week by the Bulgarian government on the import of sunflowers from Ukraine and the cyclical preventive measures discussed with the EC within the framework of the EU, we are concerned that without a national position regarding all affected sectors of the economy, unwanted consequences may be achieved and highly negative consequences for our sector," said Yani Yanev, chairman of the Association of Vegetable Oil and Oil Products Producers in Bulgaria. The processing industry cannot provide the necessary sunflower from the Bulgarian market alone, and the following ...

Source: Sinor