Sunflower oil exports from Bulgaria fall by 19%

Published 2024년 2월 27일

Tridge summary

Bulgaria's sunflower oil exports have seen a 19% decrease this season, with exports totaling over 0.33 Mt, down from over 0.4 Mt last year. This decline is attributed to weaker imports, reduced production, and less processing. Despite the drop, this year still ranks as the second-best for Bulgarian exports. The country also experienced a decrease in oil imports from third countries, down to less than 0.1Mt from 0.135Mt last year. Sunflower imports also fell to just over 0.36 Mt from 0.58 Mt the previous year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As we have already written, in general, the trade and processing of sunflower and its derivatives and products report a decline this season. It is no surprise that sunflower oil exports follow a similar trajectory. Weaker imports, less production, less processing are all factors that led to this decline. From the beginning of the season until now, Bulgarian companies have exported over 0.33 Mt of sunflower oil, which is 19% less than the levels of a year ago. We must note, however, that this is still the second best year for Bulgarian exports after the record previous year, when more than 0.4 Mt were exported at the end of February. Compared to the average for recent years of 0.29 Mt, the volumes are stable. We have exported more than 0.25Mt of oil to third countries, while the remaining amount was sent to countries of the community. Regarding imports, according to the EC, our country imported a little less than 0.1Mt of oil from third countries (Ukraine and Moldova), in ...
Source: Agroportal

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