Bulgaria. Corn market remained the most active

25.05.2017

Sales and purchases in Bulgaria’s grain market remain sluggish ahead of the new crop, reports UkrAgroConsult.

Domestic grain price in dollar terms went up due to strengthening of the Bulgarian national currency. In terms of this currency, purchase prices for all of the staple cereals, except for corn, closed the week down.

Please note that, at the same time, the country has quite abundant corn inventories for this time of season (over 1.5 MMT). Some revival is observed in purchases of Bulgarian corn by EU countries. However, the trade remains generally stagnant. Bulgaria exported roughly 875 KMT of corn by May 12 that is down 11% year-on-year.

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

 

UkrAgroConsult

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