Bulgaria: What to expect in the sunflower and maize market in 2024/25

Published 2024년 8월 19일

Tridge summary

The article outlines the concerns around the upcoming agricultural season in Bulgaria, with expectations of the lowest spring yields since 2012 due to unfavorable climatic conditions, including extreme heat and drought. These conditions are expected to impact both corn and sunflower production, with initial estimates showing a decrease in production compared to the previous year. The article also discusses the potential effects on the market and prices of vegetable oils, considering global market dynamics and local retail prices in Bulgaria. Despite the anticipated challenges, the article suggests that significant increases in vegetable oil prices are unlikely, attributing factors such as global production estimates and the influence of crude oil prices. The article also mentions that the best yields will be in the Ruse, Veliko Tarnovsk, Razgrad, and Montan regions, but compared to last year, results are not significantly improved, with some exceptions.

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

Original content

With the new season approaching and the expected lowest spring yields in Bulgaria since 2012 reported during our Summer Crop Tour, we are getting more and more questions about the state of the markets and what to expect in the future. The most interesting of them is answered by the chief analyst and seed specialist of AgroPortal - Nikolay Petrov. See his outlook for the corn, sunflower and sunflower oil markets in the new 2024/25 season. What are the main factors that affect the production of sunflower and corn? The main factor for the low production of sunflower and corn is the unfavorable climatic conditions in the months of June and July, which are key for the formation of their yields. The lack of precipitation during these months is evident practically throughout the country, with the exception of a few limited areas in Ruse, Veliko Tarnovo, Razgrad and Montan regions. An invariable part of the much worse condition of the spring crops this year were the excessive and hot ...

Source: Agroportal