Bulgaria reinforcing its position as a sunseed exporter and crusher
28 January, 2020 at 12:01
According to UkrAgroConsult’s estimates, Bulgaria slightly reduced sunflower seed crop in MY 2019/20. Restoration of its plantings to 820 Th ha (+3.6% from MY 2018/19) was nullified by a yield drop (-5% from MY 2018/19).
The optimistic scenario, which was topical early this season, had to be adjusted due to the weather factor.
The sunseed crop shortage will be offset by imports, which totaled a record in the first two months.
At the same time, domestic sunseed crush will continue increasing. This will lead to a record export potential of the sunflower oil market in MY 2019/20. First months show a growth in purchases from the key buyers of sunflower seed oil.
