Bulgaria expanding markets for its wheat

08.02.2017

The year of 2016 was successful for Bulgarian wheat. The nation got the highest yield and reached a record total wheat crop that was up 16% from 2015.

The 2016 increase in both total crop and quality of wheat made possible a sharp boost in its exports to new markets. In particular, milling wheat exports to Viеtnam, South Korea, India considerably increased.

The competitive advantage of Bulgarian wheat was the optimal price/quality ratio.

Export shipments in 2016/17 are also expected to be record high. According to UkrAgroConsult, Bulgaria has realized 83% of its wheat export potential to date.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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