Bulgaria. Rapeseed prices rose for a second week in a row

03.11.2017

Last week, Bulgaria’s domestic oilseed market developed under the impact of market factors: a stabilized exchange rate of the Bulgarian currency against the US dollar balanced out the currency factor’s effect, reports UkrAgroConsult.

Although harvesting is at its final phase and sunseed supply is potentially greater than last year, the sunseed market is witnessing strong demand, including that from traders, which is a bullish factor for domestic prices. Sunseed purchase price closed the reporting week unchanged at BGN 543/MT, or USD 327/MT. On October 11-20, the country intensified sunseed exports not only to the European Union, but also beyond its borders.

Rapeseed market prices have been rising for a second week in a row. So, they closed the reporting week up BGN 6/MT at BGN 683/MT that is equivalent of USD 411/MT (up USD 3/MT).

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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