The prices of wheat and sunflower in Bulgaria grew by 6.6% and 6.4% for the month

Published Oct 16, 2024

Tridge summary

The article highlights recent changes in crop prices as reported by the Ministry of Agriculture on October 9. Oilseed sunflower prices have surged by 28% compared to last year, despite low yields in 2024. Bread wheat prices have increased by 6.6% over the past month but are 3.9% lower than the previous year, while fodder wheat has seen a monthly rise of 4.2% but is 5.2% cheaper annually. Fodder barley prices have dropped by 7.4% year-on-year, even with a record production of 1 million tons. Additionally, France remains the EU's largest wheat exporter, with Bulgaria exporting 5,559,000 tons.

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

Original content

The oilseed crop is 28% more expensive compared to a year earlier For a month, the average price of bread wheat grew by 6.6%, reaching BGN 371/ton, according to data from the Ministry of Agriculture from October 9, published today. In just one week, the increase was 4.5 percent. However, on an annual basis, bread grain is 3.9% cheaper. In the case of fodder wheat, the minus compared to a year earlier is even greater – 5.2%. As of October 9, fodder wheat was bought for BGN 347 after a monthly increase of 4.2%. As of October 9, oilseed sunflower is being bought for BGN 884/ton after a monthly price increase of 6.4%. Among the crops monitored by the Ministry of Agriculture, only sunflower has increased in price compared to October 2023, and the jump is 28%. However, this increase cannot compensate for the low yields from 2024. On an annual basis, fodder barley has the worst market price - BGN 314/ton, which is 7.4% less than in 2023. At ...

Source: Agroplovdiv