Bulgaria. Sunseed prices decreased last week pressured by world market trends

18.10.2018

According to the Ag Ministry of Bulgaria, sunseed had been harvested from 707.4 Th ha by October 5, or from 96% of the forecast 735 Th ha. Farmers obtained 1816.8 KMT of sunseed with a yield of 2.57 MT/ha. The harvest is 9.5% behind last year, but the yield is 12.2% higher than in 2017, reports UkrAgroConsult.

The sunseed market in Bulgaria closed last week with another price decrease. In general, the market situation underwent no significant changes. Pressure came from the same factors. Export shipments are far behind last year (-73%). This concerns exports to both Europe and Turkey, which is the biggest non-EU importer. Sunseed price closed this past week down BGM 5/MT or USD 2/MT down.

The domestic rapeseed market is gradually becoming flat and this trend reflects on its prices. So, rapeseed price remained at last week’s level. Traders are focused on the execution of previously signed contracts.

Planting of winter rape slowed down last week, being 3.8% behind last year as of October 5. Farmers seeded 110.9 Th ha to this crop against 115.3 Th ha a year ago.

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.

If you need fast and reliable analytical tool, historical and current market data, daily updates on grain, oilseed and pulses markets, try out a new innovative tool for agri market participants – AgriSupp.com.We offer 2-week trial! Completely free!

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult