Bulgaria. Sunseed prices continue following a downward trend

27.09.2018

The Bulgarian rapeseed market was stable over the last week. Rapeseed price closed it unchanged at BGN 680/MT that is equivalent to USD 409/MT (+ USD 5/MT). The pace of export shipments has slowed down over the past seven days, reports UkrAgroConsult.

Sunseed market prices continue following a downward trend. As before, the main factor is advancing harvest, which is now 14% behind last year against 18% behind last year a week ago.

According to Bulgaria's Ag Ministry, sunseed had been harvested from 476.3 Th ha by September 12 (65% of its forecast area of 734.3 Th ha). The crop amounted to 1242.4 KMT with a yield of 2.61 MT/ha (up 16.5% year-over-year). In addition, slower oilseed exports are reported at the beginning of the new season, UkrAgroConsult’s analysts note.  Sunseed price closed the reporting week down BGN 3/MT at BGN 549/MT (+ USD 2/MT).

At the same time, grain harvesting has already completed. Grain yields are lower than a year ago, except for corn. Bulgarian farmers continue harvesting corn. Corn yield looks rather optimistic this year, reports UkrAgroConsult.

Bulgaria. Harvesting progress, September 13, 2018

Crops

Planned area,

Th ha

Harvested, Th ha

%

Crop, KMT

Yield, mt/ha

2018

2017

2018

2017

2018

2017

Wheat

1139

1139

1097

100.0%

5401

5741

4.74

5.19

Barley

115

115

129

100.0%

501

597

4.36

4.72

Rye

7

6.77

6.31

100.0%

13.73

14.53

2.03

2.27

Corn

410

54.48

62.98

13.3%

87.92

86.16

7.70

4.56

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

 

UkrAgroConsult

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