Bulgaria recently signed a 29-million euro deal with Russia to purchase 10 new engines for its MiG-29 fighter aircraft. According to Bulgarian Prime Minister Boyko Borisov, the agreement was signed on November 9, though he was reluctant to disclose any additional details about the contract. Borisov also announced that Sofia sought to purchase maintenance rights…
According to the Bulgarian Ministry of Agriculture, as of November 3, 401.7 thousand ha of corn were threshed, or 95% of the plan (423 thousand ha). 2118.5 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 8.9% higher than in 2015. On the reporting date, average corn yield was up…
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,…
Late October and early November featured a temperature upturn in Bulgaria. The temperature increase against the background of sufficient topsoil moisture reserves caused winter crops to resume their active growth. Exceptions are some parts of South Bulgaria where soil moisture shortages hamper development of winter cereals and rape. Plants of winter wheat and barley seeded…
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…
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…
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%…