Bulgaria exports less sunflower meal in 2024

Published Feb 15, 2024

Tridge summary

Bulgaria's sunflower meal exports have seen a 29% decrease this season compared to the same period last year, with total exports amounting to over 0.28 Mt. Despite this, the exports are still 21% higher than the five-year average. China continues to be the main buyer, purchasing 0.25 Mt of sunflower meal. The recent agreement between BAK, NAZ, and the Bulgarian government, which upholds the license regime for grain imports from Ukraine, could potentially lead to a further reduction in sunflower imports and subsequent meal exports.

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

Original content

Hardly anyone is surprised that this season Bulgaria exports less sunflower meal compared to the previous one. From the beginning of the season until now, Bulgarian companies have exported over 0.28 Mt of sunflower meal, which is about 29% less compared to the exported quantities at the same time a year ago. Last year's exports were an absolute record as a result of increased imports of sunflower and even meal from Ukraine at low prices, which were subsequently processed and re-exported. This year, imports are significantly lower, but this does not prevent exports from taking second place after the previous record. Exported volumes this season are 21% more than the average for the last 5 years. Again, the main buyers of Bulgarian sunflower meal are third countries, with China remaining in first place with 0.25 Mt. For comparison, at the same time in 2023, China purchased over 0.31 Mt of meal. Exports to Community countries are minimal. The signed agreement between BAK, NAZ ...

Source: Agroportal