Bulgaria: The export of corn marks a growth of 130% in 2023

The export of maize from Bulgaria in the new season 2023/24, starting from September, has increased by 130% compared to the same period of the season 2022/23. Until this moment, our country has exported 0.28 Mt, and for comparison, data from our LINEUP for the previous year show exports in the amount of 0.12 Mt, including for the entire month of December. Looking at it this way, current exports sound like something remarkable, but the last 2 years have been more of an exception than the norm. For the first 4 months of the 2018/19 to 2021/22 season, we have exported 0.7 Mt of corn or 151% more than the current export. Last season, farmers did not sell in anticipation of higher prices and the harvest was weaker, which slowed down exports tremendously. This year is off to a slightly better start, but we are still well behind the five-year average of 0.59Mt, and the crop is smaller and prices quite a bit lower. Our LINEUP shows that Bulgarian companies have exported nearly 0.2Mt of ...