Permanent and strong growth in the price of rice in Bulgaria

Published 2024년 2월 16일

Tridge summary

The annual report from the State Commission for stock exchanges and markets reveals a significant increase in the price of rice since 2020, peaking in 2022 and continuing to rise in 2023. The price in 2023 is 17% higher than the average price in 2022, marking the highest price from 2016-2023. This trend is mirrored internationally, with global rice prices in 2023 being 21% higher than the previous season, due to concerns over El Niño weather events and export restrictions from India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2020, the price of rice has a sustainable upward trend and reaches a level of BGN 2.41/kg, and in 2021 the curve is stable and hovers around a level of BGN 2.20 - 2.40, according to the annual report of the State Commission for stock exchanges and markets. At the beginning of 2022, the price of rice starts at a level of BGN 2.18/kg. During the first six months, the movement of the curve has a steady upward trend and at the end of June the price is BGN 2.80/kg. After a certain stabilization of the values in the period July - September, in the autumn the curve goes up again and in the last week of November it reaches the level of BGN 2.93/kg. Rice is another commodity whose price will reach an all-time high in 2022. Since the beginning of 2023, there has been a sustained and strong rise in the price of rice, with prices rising by 7.8% in the January-April period. After a certain calming down of the rice market in May-June, the price goes up again and reaches the level of BGN ...
Source: Sinor

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.