Bulgaria. Oilseeds market price behavior

18.05.2017

A price decline in national currency terms is seen in Bulgaria’s oilseed market. When calculated into USD terms, this decrease is still appreciable due to the exchange difference. Growers more willingly part with oilseed stocks. Traders took a more active stance last week, reports UkrAgroConsult.

Sunseed prices average USD 369/MT. 3,3 KMT of sunseed was shipped beyond the EU last week.

The rapeseed market increasingly actively works with forward prices for new-crop commodity, which closed the week unchanged at BGN 720/MT, i.e. at USD 402/MT. Export shipments totaled 13 KMT over the week.

Planting operations are going on in Bulgaria. As of May 4, sunflower was already planted on 749.4 Th ha, up 10.9% from last year’s 676.0 Th ha. Soya plantings totaled 8.1 Th ha that is down 26.5% from last year’s 11.0 Th ha.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

 

UkrAgroConsult

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