Will Bulgaria repeat last year’s wheat success?

15.08.2017

In Bulgaria, this past 2016/17 season was marked not only by a bumper crop of wheat, but also by its record exports.

Bulgarian exporters supplied an all-time record 4.17 MMT of wheat to foreign markets in the marketing year 2016/17. This is up 28% year-on-year and almost 10% above the previous record of 3.8 MMT set in MY 2013/14.

With regard to the outlook for the new 2017/18 season, Bulgaria may get another successful year for wheat. The grain harvest in the country is drawing to an end and the crop situation is clearing up. In the course of harvesting, the average 2017 wheat yield in Bulgaria is 9-10% higher than last year. Thus, there is every reason to expect the Bulgarian wheat crop to hit a new high, UkrAgroConsult notes.

According to UkrAgroConsult’s estimates, wheat production in the country may total at least 5.7 MMT. At the same time, Bulgaria’s Ag Ministry believes the crop may even reach 6 MMT after all of the country’s farmers complete harvest reporting.

The pace of exports at the start of the 2017/18 season already indicates quite a good gross crop of wheat in the country.

Full version of the article is available to subscribers for weekly market report “Black Sea Grain & Oil” and “Online market review” by UkrAgroConsult.

 

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