Bulgaria. Prices for new-crop wheat increased $2-3 followed the global trends

22.06.2017

Last week Bulgaria’s old-crop grain market featured downward price trends. In view of sluggish sales towards the season’s end, purchase prices for all the staple grains are falling in the domestic market.

Noteworthy is that Bulgarian traders have already shipped abroad all the exportable wheat this season, whereas Bulgarian corn remains in weak demand due to its expanding supply and shipments from Ukraine and Russia. Some probability exists that Bulgarian exporters will fail to fulfill this season’s corn export plan.

In the new-crop market, forward wheat prices gain on average $2-3 a week due to global trends, reaching $181-184/MT FOB for 12% protein wheat, August-September delivery. At the same time, no revival is yet observed in sales of new-crop grain, reports UkrAgroConsult.

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.

 

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