Bulgaria follows its strategy in the sunflower oil market in 2022/23 season

Published Feb 28, 2023

Tridge summary

Bulgaria has emerged as a key player in the transit and re-export of Ukrainian agricultural commodities, including sunflower seeds, since the start of the Ukraine war in 2022. The country's domestic sunflower crushing industry has experienced a surge, resulting in a significant increase in the production of Sunflower Oil (SFOil). During the September to November 2022 period, Ukraine's share in Bulgaria's sunflower seed imports exceeded 73%. This trend has positioned Bulgaria as a significant player in the sunflower and SFOil markets, despite these markets being largely dominated by Ukraine and other Black Sea countries. Bulgarian businesses are planning to expand their crushing capacities, which is expected to further intensify competition in these markets.

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

Original content

Bulgaria is one of the Eastern European countries which transit and/or re-exported Ukrainian agricultural commodities. The domestic sunflower crushing/SFOil production is increasing. The above trends intensified last season of 2022/23 after the start of the war in Ukraine. Sunflower seed export/imports trends (September – November 2022/23) Ukraine’s share in sunflower imports to Bulgaria exceeds 73%. Record high SFOil. Sept-Nov 2022 key trends of SFOil market Bulgaria becomes more important players in the sunflower and SFOil markets though even now the markets are dominated by Ukraine and other BSea countries, on the one hand. This intensify the competition as Bulgarian business intends to continue developing the crushing capacities. On other hand, Bulgaria is now rather important transiting country for Ukrainian grains and sunflower. Full version of the article is available to ...

Source: UkrAgroConsult