Bulgaria. The old-crop wheat market was dull, traders exported previously concluded grain

21.04.2017

Last week Bulgarian domestic prices continued sinking. Purchase prices for staple cereals in the country closed the week down on average another $2-4/MT, primarily due to slow market purchases in the pre-holiday period, reports UkrAgroConsult.

Importer demand is gradually slackening for old-crop wheat. For most part, traders exported previously contracted cargoes. Sellable stocks in the old-crop wheat market are exhausting and some revival is observed in forward purchases of 2017-crop wheat.

The corn market is similarly flat with a downturn in its purchase prices. Corn export prices in Bulgaria closed the week up on average $3-4.

More information on price behavior on grain market in the countries of Black Sea region is available to subscribers for weekly market report "Black Sea Grain and Oil" and "Online market review" by UkrAgroConsult.

 

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