# The needs of the Bulgarian processing industry will encourage farmers to sow oilseeds

> Bulgarian sunflower area fell 6% in 2023, with yields down 18% and harvest down 23%. Winter rapeseed area is also down 31%, and drought is again a constraint. Sunflower area for 2024 is expected to rise because of stronger crusher demand and lower seed imports.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: weather · region Bulgaria · magnitude low
- Page: https://feedsoft.ai/events/32241-the-needs-of-the-bulgarian-processing-industry-will-encourage-farmers-to-sow
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller 2023 harvest and drought-limited rapeseed planting tighten regional oilseed supply and support meal prices. Expected area growth for 2024 would be a partial offset later in the year.

## Read by commodity

- CANMEAL: neutral
- SUNMEAL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-needs-of-the-bulgarian-processing-industry-will-encourage-farmers-to-sow-oilseeds/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.