Bulgaria. Bullish trends on wheat export and domestic markets

24.11.2016

Purchase prices for grain in Bulgaria’s domestic market closed the week with an increase following their downturn a week ago, reports UkrAgroConsult. At the same time, the Bulgarian lev has devalued by almost 5% over the two weeks.

Market purchases of milling wheat remain quite brisk. Growth of prices was reported both in the domestic and export markets.

According to UkrAgroConsult, the bullish factors include the following:

- strengthening demand for Bulgarian wheat outside the European Union;

- devaluation of the Bulgarian national currency;

- rising milling wheat prices in other Black Sea markets.

Bulgaria’s domestic market of grain crops is experiencing an increase in feed wheat demand. In view of exhausting stocks of feed wheat in the country, similarly to barley, millers significantly raised their purchase prices to attract necessary grain volumes.

More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly ag market report "Black Sea Grain and Oil" and "Online market review" by UkrAgroConsult.

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult