Bulgaria plans to buy 1.280m tonnes of wheat, as well as corn and oil

Published 2022년 3월 6일

Tridge summary

The state is planning to buy 1.280 million tons of wheat, corn, and sunflower oil to ensure national consumption for 13 months, as negotiations are ongoing for purchase prices. Additionally, negotiations with fertilizer plants Neochim and Agropolichim are happening to provide necessary quantities for farmers, due to potential termination of Russian natural gas supply contracts. The article also reports increases in prices for various commodities in the United States and Europe, including wheat, corn, barley, rapeseed, unrefined sunflower oil, and refined sugar. In the Sofia Commodity Exchange, quotations for bread wheat and corn have increased, while the price of oilseed sunflower remains unchanged.

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

Original content

The state plans to ensure the national consumption of wheat for 13 months. For this purpose, 1.280 million tons of wheat will be bought as soon as possible. Negotiations are still underway on what the purchase prices should be based on. The grain will be bought from both warehouses of producers and traders. In order for our country to provide food during the long war and in the worst case scenario of radiation contamination of outdoor products, the State Reserve and Wartime Stocks Agency also plans to buy corn and sunflower oil, Agro Plovdiv has learned. Negotiations will be held with both fertilizer plants (Neochim and Agropolichim) to purchase the quantities needed by farmers to ensure normal yields. This was announced on Friday evening by the Deputy Prime Minister and Minister of Finance Asen Vassilev in the program "Panorama" on BNT. The reason for guaranteeing fertilizers is the possible termination of contracts for the supply of Russian natural gas - the main raw material ...

Source: Agroplovdiv