The export of barley from Bulgaria continues with records this season

Barley

Bulgaria

Market & Price Trends

Published Mar 13, 2024

Tridge summary

Bulgaria has seen a significant increase in barley exports, reaching a record high of over 0.42 Mt at the start of March, marking a 300% increase from the same period last year and a 91% increase on a 5-year basis. This surge is due to a larger harvest in 2023, resulting from increased acreage and improved yields. With farmers sowing even more barley for the next season, another record harvest is anticipated. The majority of the exported barley remained within the EU, with Spain as the largest buyer, followed by Morocco.

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

After an extremely strong start at the beginning of the season, the export of barley from Bulgaria remains a record. Currently, the exported quantities are in unprecedented volumes compared to the same period in previous years. Bulgarian companies exported over 0.42 Mt of barley at the beginning of March. This is 300% more than the exported quantities a year ago. However, on a 5-year basis, the picture is slightly different, with exports being 91% higher than exported volumes at 0.22Mt. If we compare the quantities exported to date with the volumes exported in total in each of the previous 5 seasons, we will notice that the volumes to date exceed those of the previous ones and already surpass the previous record quantities reported in 2021/22 by just over 0.41Mt. This is what we predicted at the beginning of this calendar year. The large harvest due to increased acreage and improved yields in 2023 compared to 2022 boosted exports this season. For the next one, farmers sowed ...

Source: Agroportal