Bulgaria: Losses in grain production range from BGN 40 to BGN 70/acre

Grains, Cereal & Legumes

Bulgaria

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Market & Price Trends

Published Feb 24, 2024

Tridge summary

Iliya Prodanov, Chairman of the Board of the NAZ, has stated that the country's grain production is uncompetitive due to high production costs and low grain prices. He believes that import bans will not rectify the issue, as the problem lies in the high cost of production. The country is experiencing production losses of billions, ranging from BGN 40 to BGN 70 per hectare. Despite needing to export 5 million tons of grain, the country is struggling to compete with nations such as Ukraine, USA, Russia, and France. The NAZ is currently working on reducing production costs.

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

Grain production in our country is uncompetitive. With wheat and corn prices collapsing, farmers are looking for ways to increase profitability. "Our problem is the high cost price," said Iliya Prodanov, Chairman of the Board of the NAZ. "The solution to the problems is not in the import ban. I say it absolutely responsibly and I will argue. If only by stopping grain imports, the problems of grain producers could be solved, Poland, Hungary and Slovakia would not be protesting right now. Our problem is called "high cost", the industry leader pointed out and pointed out: Production losses in our country this year range from BGN 40 to BGN 70 per hectare, depending on the region and yield. With 40 million decares of land, we are talking about billions. The farmer explained that on the one hand is the high cost price and on the other hand is the low price of grain due to military, political and other reasons. "Even if there is no grain import, we still cannot sell our wheat. We need to ...

Source: Agri