Bulgaria: bullish trends on grain market continue

Last week Bulgaria’s domestic market of cereal crops saw a rise in purchase prices. The bullish factors for them included strong grain demand, both from traders and processing companies, along with appreciation of the Bulgarian currency against the US dollar. Prices for Bulgarian milling wheat also continued growing on the export market. Over the week,…

Bulgaria: wheat market remains active

Last week wheat market remained the most active in Bulgaria. Increased demand both from traders and importers supported domestic and export prices. Export prices of milling wheat with 11.5% protein grew by $2 to $173-175/MT FOB for November delivery. Active Bulgarian wheat exports supported the market, as well as strengthening of export wheat prices in…

Bulgaria: wheat opens new markets

According to the president of Bulgarian Association of Grain and Feed Traders (BAGFT) Martin Rusev, wheat exports are estimated at 3.9 MMT in the 2016/2017 MY, of which 2.1 MMT were shipped abroad in July-October. This part of grain was supplied to the European Union, and wheat was mainly forage (1.8 MMT). Rusev believes that…

Bulgaria: corn harvesting in October 2016

According to Bulgarian Ministry of Agriculture, as of October 20, nearly 371thousand ha of corn were threshed, which was 88% of the intended area (423 thousand ha). 1973.1 KMT were harvested with the average yield of 5.32 MT/ha. Harvesting is 16.1% faster than in 2015. As of the reporting date, average corn productivity was 0.2%…

Bulgaria: the pace of winter sowing higher

Last week cold weather regime in Bulgaria changed to multiyear norm for the given period. Winter crops vegetation continues at a moderate pace. Rains observed during October 11-21, considerably replenished soil moisture stocks in 50 cm soil layer. In the major parts of the country moisture level in the upper soil layer exceeds 75-80%, which…