The price of sunflower in Bulgaria reaches a two-year high

Published Nov 4, 2024

Tridge summary

The prices of raw sunflower oil in Bulgaria are experiencing a significant increase, reaching levels not seen since February 2023 due to a global rise in the prices of main vegetable oils. The cost of sunflower oil seeds has risen by BGN 150 to BGN 1,060 per ton in the last month, making it the most expensive since November 2022. This price hike is attributed to low yields and a decrease in oil content in the seeds, leading to a scarcity of Black Sea origin sunflower oil. As a result, the price of sunflower oil is now higher than soy oil, palm oil, and rapeseed oil, making it a premium option in the market.

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

Original content

With the continued increase in the price of the main vegetable oils around the world, the prices of raw sunflower oil in Bulgaria are reaching levels not seen since February 2023. The lack of raw material provides a strong support for the prices of the seeds, as only in the last month their growth has increased by BGN 150 to BGN 1,060 per ton based on DAP Black Sea port. These are the highest price levels since November 2022. Indian traders say that "due to low yields and reduced oil content in the seeds, the supply of sunflower oil of Black Sea ...

Source: Agroportal