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Yani Yanev: Olive oil producers in our country are closing

Published Feb 18, 2025

Tridge summary

Bulgarian oil producers are shutting down due to a lack of raw materials, specifically sunflower, as production levels are low and imports from Ukraine are being blocked. The state's intervention in the import of sunflower has had a detrimental effect on the oil production business, leading to a decrease in production and an increase in prices.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A large part of the oil producers in Bulgaria have closed their enterprises because they do not have raw materials. This was commented on the air of Darik Radio by the chairman of the Association of Vegetable Oil Producers Yani Yanev. “The enterprises have already stopped working. The largest exporters, which in 2022 exported 910 thousand tons of sunflower oil, 930 thousand tons of sunflower meal and together with bleached sunflower, sales revenue was somewhere over 2.5 million euros. While in 2024 things became especially difficult. In Bulgaria, sunflower production was low - somewhere around 1, 420,000 tons. Imports from Ukraine are being blocked,” commented Yani Yanev. According to him, in 2022 - 2023, about 1.4 million tons of sunflower were imported, of which about 800,000 were from Ukraine. “This helped us fill the capacities and we processed somewhere over 3 million ...
Source: Agri
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