Bulgaria. Bigger gap between rapeseed and sunseed prices

06.10.2017

Last week, Bulgaria’s domestic oilseed market showed growth of prices in national currency terms, but they sank again in dollar terms because of exchange differences. This period of the marketing year features a bigger gap between rapeseed and sunseed prices. The point is that the rapeseed season has entered an active stage, while the sunseed season is just beginning. The spread between their prices reaches USD 77-78/MT in the new 2017/18 season against USD 70-73/MT a year ago, UkrAgroConsult notes.

Last week, purchase prices for sunseed were set at BGN 541/MT (BGN 537/MT a week earlier) that is equivalent to USD 326/MT (down USD 2/MT) and those for rapeseed at BGN 667/MT (BGN 664/MT a week earlier) that is equivalent to USD 403/MT (+USD 2/MT).

The market is witnessing strengthening demand from traders and a surge in oilseed exports.

More information on price behavior on oilseeds/vegoils market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Vegoils & CIS" and "Online market review" by UkrAgroConsult.

 

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