Bulgaria. Sunseed prices continued moving upwards last week

04.05.2018

Domestic sunseed prices continued moving upwards last week on an aggravating commodity shortage in the latter half of the season, reports UkrAgroConsult. However, the current calendar year’s prices, though fluctuating at lower levels, look much more stable than at the same time last year. Sunseed price closed the week up BGN 1 that is equivalent of USD 346/MT (down USD 4/MT, the reason is the currency factor).

According to current information of the Agriculture Ministry of Bulgaria as of April 26, 488 Th ha had been sown to sunseed (704 KMT a year ago, down 31%) and 2.1 Th ha to soybeans (4.9 Th ha a year ago, down 58%). 

Detailed information on price developments of the oilseeds and vegoils market in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform for networking with oilseed industry operators and discussion of the latest drivers in oilseed and vegoil sector of Ukraine and Black Sea region.

Growing role of Black Sea countries and rising demand for high-quality information and analysis determine significance and importance of “Black Sea Oil Trade” Conference which is entirely devoted to oil and fat sector.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

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