Bulgaria. Bullish trends prevailed on oilseeds market last week


Domestic oilseed prices in Bulgaria continued sinking during last week: sunseed down USD 16/MT and rapeseed down 2 USD/MT. As before, trading and purchasing activity in the rapeseed market is at minimum level. Although being rather declarative, domestic market prices were affected by a downward trend in the European market, which was observed in the latter half of February. As of March 2, 2017, rapeseed prices averaged USD 382/MT against USD 384/MT a week earlier, reports UkrAgroConsult.

Sunseed prices went down towards the end of February in the response to declining buyer demand. Besides, feedstock inventories are larger than last year, keeping prices from reaching a higher level. As of March 2, sunseed prices averaged USD 366/MT against USD 382/MT a week earlier.

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 and CIS" and "Online market review" by UkrAgroConsult.



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