Bulgaria. Corn crop will be lower than market expectations

12.10.2016

Significant price changes weren't noted on the domestic market of Bulgaria, reports UkrAgroConsult. During last week purchase prices remained at the level of the previous week on feed crops market. Slowdown in trading activity is seen on barley and feed wheat market. Corn supply on the domestic market is increasing during the harvesting, but processors are not pleased with the yield this year. It appears that corn harvest in Bulgaria this year will be lower than market expectations. The first shipment of Bulgarian new crop corn was delivered to the EU countries, but in general seasonal improvement in corn trading wasn't noted.

Changes in prices were seen on wheat market. Over the week purchase prices for milling wheat lowered under the pressure of significant supply. But the pace of trading and purchasing remains moderate.

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

 

UkrAgroConsult

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