Bulgaria. New crop sunseed prices lowered again last week

15.09.2017

In the Bulgarian market, purchase prices for new-crop sunseed lowered again to BGN 548/MT (BGN 562/MT a week earlier) that is equivalent of USD 338/MT (down USD 4/MT). Apart from the impact of currency differences, prices are pressured by expanding supply of sunseed as its harvest is proceeding to a full swing, reports UkrAgroConsult.

As of early September, the yield is up more than 10% from 2016. Bulgarian market participants expect this year’s sunseed crop to reach a record 2.1-2.2 MMT – this will continue pressuring prices in the future.

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

 

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