Bulgaria reports a negative record in rapeseed exports
Rape Leaves
Published Mar 20, 2024
Tridge summary
Bulgaria's rapeseed exports have significantly decreased, with the current season's exports being half of the previous season's. The country has seen the lowest export in the last six seasons, with only about 0.11 Mt of rapeseed exported. Despite a predicted harvest of around 0.25 - 0.28Mt, Bulgaria has become a net importer of rapeseed due to increased processing needs and difficulties in importing sunflowers. Over 150 Kt of rapeseed was imported by mid-March.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Rapeseed exports from Bulgaria have been at a complete standstill for the past few months, as is typical at this time of the season. To date, Bulgarian companies have exported about 0.11 Mt of rapeseed, which is the lowest value for the last 6 seasons and reports a negative record for the period under consideration. The export in the current season is 2 times smaller than the previous one, while compared to the average for the last 5 years of 0.27 Mt, the export lags behind by more than 60%. We expect farmers to harvest less than 100Kha of canola in the new season, and weather permitting, the rough estimate harvest is likely to be around 0.25 - 0.28Mt. Some farmers in southern Bulgaria report that they had to re-sow canola several times due to the dry weather. Whether it is worth investing more funds (expenses) in the current market situation, everyone decides for himself... On the other hand, with the difficulty of importing sunflowers since the beginning of the season, ...
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