The price of bread wheat fell the fastest, corn took a tentative rise in Bulgaria
Wheat
Published Mar 13, 2024
Tridge summary
The price of bread wheat has experienced the largest monthly decrease among five observed grain and oilseed crops, dropping by 3.4% and making it 27.5% cheaper than the previous year. Fodder wheat also saw a 2.8% decrease in price. However, corn prices have shown a slight recovery, increasing by 1.7% over the month. The US Department of Agriculture predicts a 0.3% decrease in global wheat production for the 2023/2024 crop year, with corn and sunflower production expected to drop by 6.3% and 4% respectively.
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
With the biggest drop on a monthly basis of the 5 observed grain and oilseed crops is the price of bread wheat - minus 3.4%. For the week before March 6, it became cheaper by 2.1%, according to a table published on the website of the Ministry of Agriculture based on the database of the Agricultural Market Information System (SAPI). It shows that, compared to a year earlier, bread grain is 27.5% cheaper and as of March 6 of this year it is being bought for BGN 371. Minus 2.8% fell in a month and the price of fodder wheat, which as of the above date was BGN 344. In the week before March 6, fodder grain was at minus 1.1 percent. Compared to the same date in 2023, the negative result was 28.6 percent. The only crop observed to show signs of recovery is corn. On a monthly basis, coarse grain rose by 1.7 percent, and on a weekly basis by 0.6 percent. The current price as of March 6 is BGN 354/ton. As of March 6 this year sunflower is traded for an average of BGN 724/ton. Oilseeds have ...
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