Bulgaria: A 10% jump in the price of rice, 95% of domestic production is exported

Published 2023년 7월 9일

Tridge summary

Rice farmers in Bulgaria are expecting compensation for the rising cost of water for irrigation, which has increased by over 50 percent in the past two years. The increase in water cost has made rice production expensive in the country, leading to a reliance on cheap rice imports from Vietnam and Myanmar. The chairman of the Bulgarian Rice Association predicts that the price of rice produced in Bulgaria will increase by around 10 percent.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rice farmers expect to receive the money to compensate for the increase in water soon. This would reduce the cost of producing them so expensively. The industry claims that over 95% of Bulgarian rice is sold abroad, and we eat cheap produce from Vietnam and Myanmar. "The problem with the cost of irrigation of paddy fields is very big and has been for several years. In two years, the price of water for rice irrigation has increased by more than 50 percent. For other irrigated crops - the price jump is 300 percent". Georgi Vidolov, ...
Source: Dnes

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