Bulgaria puts stake on sunseed crushing

22.11.2017

The Bulgarian sunseed crop increased to 1.8 MMT in the 2016/17 season (up 7.5% year-on-year). As a reminder, the reasons included an expansion of sunflower plantings (up 0.6% year-on-year) and a higher yield (up 6.6%).

Moreover, domestic sunseed consumption increased considerably in MY 2016/17 against the previous season. Its growth exceeded the wildest forecasts in view of dropped exports. Noteworthy is that Bulgarian sunseed exports have been sinking since MY 2013/14.

UkrAgroConsult estimates that the new 2017/18 season will witness a sunseed crop increase to 1.9 MMT. The new marketing year is expected to feature a drop in sunseed exports.

Simultaneously, domestic crushing will continue growing at the expense of more significant carryovers and the crop increase.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils +CIS and “Online market review” by UkrAgroConsult.

 

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