Text size

Producers are already selling the grain at lower prices

published on 10/30/23 10:41 AM

Photo: EPA/BGNES archive

In recent months, wheat for bread has been exported from Bulgaria to the Far East and North Africa, announced Preslav Borisov from the management of the Bulgarian Farmers' Union. There are buyers in Thailand, Egypt, Jordan, and other countries.

"But the whole sector is in a very difficult, even dangerous situation. The drought has had a very negative impact on yields, especially for corn and sunflower, combined with perhaps the highest production costs and, to top it off, low prices," commented Borisov.

On international markets, bread wheat is quoted at a record low of 213 euros per tonne. It is difficult to find buyers due to the decline in consumption on an international scale and this is pushing prices down, added the chairman of the union, Georgi Stoyanov. The producers have met their expectations, adds Borisov, quoted by Sega newspaper.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy corn drought farmers wheat

More from category

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year. As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM