Oilseed exports from Bulgaria

01.08.2017

Bulgarian oilseed exports gradually decreased from 1.45 MMT in MY 2010/11 to 1.2 MMT in MY 2016/17 (from this point onward, exports for the whole marketing year of 2016/17 imply UkrAgroConsult’s forecast). Export capacity of any nation results primarily from the harvest. The diagram below illustrates how the export curve depends on oilseed crop dynamics.

Sunseed accounts for the lion’s share of Bulgaria’s oilseed exports and production. Still, the export portion of sunseed shrank from 64% to 58% between MY 2010/11 and MY 2016/17, while that of rapeseed, on the contrary, grew from 36% to 42%.

Bulgarian exports of rapeseed, as well as its production, are unstable. Following an upturn period in the 2010/11 and 2011/12 seasons, when supplies to foreign markets exceeded 0.5 MMT, they plummeted to 0.25-0.27 MMT in MY 2012/13 and MY 2013/14. Some recovery of exports in MY 2014/15 (0.47 MMT) gave way to their repeated decline (0.32 MMT) in MY 2015/16. 0.49 MMT out of 2016/17 exportable stocks has been shipped abroad.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils +CIS” and “Online market review” by UkrAgroConsult.

Further prospects of the world oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 10 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

UkrAgroConsult

 

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