Bulgaria: Deliveries of oilseeds and fruits increase by 66.5%

Published Jun 2, 2021

Tridge summary

The report from the Bulgarian Ministry of Agriculture for 2020 reveals a slight decline in the country's agricultural exports, by 0.4%, totaling 4,775.3 million euros. This was primarily due to a 14% drop in cereal exports, despite expectations of a good harvest potentially driving down prices. However, there was growth in the export of oilseeds, fruits, and other product groups, including a significant increase in the import of oilseeds and fruits. The import of meat, dairy products, tobacco, and processed tobacco saw a decrease.

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

Original content

The contraction in cereal exports is the main reason for the weaker overall exports of agricultural goods. This is shown by an Analysis of the agricultural trade of Bulgaria in 2020, uploaded on the website of the Ministry of Agriculture. Expectations of a good harvest undermine the price of grain The change in exports of agricultural products is expressed in an annual decline of 0.4% to 4,775.3 million euros. And here is the structure and dynamics of agricultural trade by product groups. Sales of cereals outside the country are down by 14% on an annual basis. However, the value of exported cereals continues to occupy the largest share of total agricultural exports - 24.4%. In second place with 12.9% remains the group of oilseeds and fruits; industrial or medicinal plants; straw and fodder. It reports an increase of 3.2% compared to 2019. This is followed by the export of fats and oils of vegetable or animal origin; residues from the food industry and prepared animal feed; soft ...

Source: Agri