Text size

Economist: Grain prices will continue to drop

published on 4/19/23 3:45 PM

Георги Ангелов

Photo: Lora Turkoleva

"The farmers' problem is not related to imports from Ukraine, which are minimal - 0.3% of Bulgarian production. This is the opinion of Georgi Angelov, senior economist at the Open Society Institute. "When Ukrainian grain imports are stopped, it will become clear that this has no effect," he told BNR.

Mr. Angelov said the expected new harvest would further lower grain prices. The economist said the 2022 price had been artificially inflated on the world and Bulgarian markets. "Bulgaria produces between 6 and 7 million tonnes of grain and consumes only 1.5 million tonnes. We are a big exporter of grain and there is no way that the price in Bulgaria is higher than the world price," Angelov said.

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

Radio Bulgaria Economy Georgi Angelov grain Open Society Institute prices Ukraine

More from category

The government proposes that prices in euros and leva be displayed until the end of 2026

The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..

published on 7/22/25 10:42 AM

Bulgaria has the lowest government debt-to-GDP ratio in the EU

The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..

published on 7/21/25 5:58 PM

CITUB Vice President Ognyan Atanasov presented the results of the survey.

85% of workers in TPP and mines want to stay in the energy sector, a survey shows

If they had the opportunity, 85 per cent of workers in thermal power plants and coal mines in the Stara Zagora, Pernik and Kyustendil regions would remain in the energy sector. These results are from a survey conducted by the Confederation of Independent..

published on 7/21/25 4:40 PM