Bulgaria. Wheat prices kept growing supported by stocks shrinking
Both milling and feed wheat prices kept growing in the domestic market amid declining stocks in the country. Demand prices for milling wheat gained on average USD 4 over the week, while feed wheat prices increased by USD 1.
Export prices for Bulgarian wheat with 11.5% protein remained in the range of USD 186-188/MT FOB, March-April delivery. Export shipments decreased slightly in early March, but still are significantly ahead of last year, UkrAgroConsult notes.
In total, since the beginning of the current season and as of early March, wheat exports from Bulgaria reached almost 53% more than during the same period last season.
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.