Bulgarian sellers and buyers of wheat diverge by more than BGN 250/ton
Wheat
Bulgaria
Published Mar 21, 2023
Original content
Last week, the analyst company Strategie Grains lowered its forecasts for the production and export of wheat in the EU for the current and next season. Vote: Do you expect difficulties applying to Campaign 2023 for direct payments? Wheat production in the EU in the 2023/24 season is expected to be 129.5 million tons, which is 3.5% higher than the previous season. In soft wheat exports, Strategie Grains, quoted by agriculture.com, cut its outlook for the current season by 100,000 tonnes to 30 million due to lower-than-expected flows from Bulgaria and Romania. Strategie Grains: European wheat exports to third countries are not expected to increase significantly, despite large-scale availability, as competition from other global exporters will be fierce. The crisis in some financial institutions, especially across the Ocean, is reflected in the quotations of the main contracts on the commodity exchange markets. Prices have been controversial in recent days. In the USA, the FOB price ...
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