Bulgaria: Oilseeds and Products Market Update
Link to report:
Bulgarian rapeseed production in marketing year (MY) 2020/21 is forecast lower at 300,000 metric tons (MT), an all-time low. Post forecasts the sunflower crop to surpass last year and reach 2.0 million metric tons (MMT). Bulgaria’s total MY 2019/20 oilseed harvest dropped two percent from MY 2018/19 due to lower average yields. Lower stocks and an uptick in the sunflower crush lowered sunflower seed exports and spurred Bulgaria to become the European Union’s (EU) largest sunflower seed importer, accounting for 34 percent of total EU sunflower seed imports. The higher crush, as of late June 2020, also made Bulgaria the EU’s leading sunflower oil and meal exporter, with 37 percent and 44 percent, respectively, of total EU sunflower oil and meal exports.
