The export of sunflower oil from Bulgaria reports a drop of 32%

Published Jan 5, 2024

Tridge summary

Bulgaria's sunflower oil exports dropped by 32% in the new season compared to the previous season due to reduced imports and a summer import ban. Despite this, exports for the current season are still maintaining a good pace and have increased by about 12% compared to the average of the last five years, excluding the record-breaking 2022/23 season. The main export destinations at the moment are Spain, Egypt, and South Africa, while in the previous season, India was the top buyer of Bulgarian oil.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The export of sunflower oil from Bulgaria in the new season 2023/24 starting from September marked a drop of 32% compared to the same period of the season 2022/23. Until this moment, our country has exported just under 0.2 Mt, compared to last year's data from our LINEUP showing values of 0.28 Mt. We will remind you that the 2022/23 season was a record, justified by the large imports from Ukraine, which led to very high levels of processing and exports from the country. In addition to sunflowers, significant quantities of sunflower oil were also imported. This year we are also importing oil, but the volumes are smaller, and the summer import ban was one of the reasons for the reduced imports. Overall, exports this season compared to the same period for the last five years are almost the same, but if we exclude the last season, it still maintains a good pace and an increase of about 12%. For the first 4 months of the season, our ...

Source: Agroportal