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Bulgaria's oilseed production is forecast flat at 2.4 million tonnes for 2022/23 as summer heat and drought cut yields despite 8% more area. Rapeseed output is projected 20% lower at 299,250 tonnes while sunflower rose 4% to 2.077 million tonnes.
Bulgaria is the leading EU importer of Ukrainian sunflower seed and the top EU exporter of sunflower meal.
Lower Bulgarian rapeseed and dry conditions tighten EU rapeseed-based meal supply, while Bulgaria's role as a major sunflower meal exporter keeps that market tied to Ukrainian imports.
ukragroconsult.comMar 16, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
