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

Bulgarian National Bank expects Bulgaria to meet price stability requirement for entering the Eurozone

Bulgaria can meet the convergence criterion for price stability, needed for entering the Eurozone, in January 2025 and continue to meet it throughout the rest of the year, the Bulgarian National Bank (BNB) states in its macroeconomic outlook,..

published on 1/29/25 1:16 PM

Two opposition parties call on the state to acquire Lukoil

"The state should buy Lukoil. Then it can look for partners if it wants. If it wants to operate it on its own, that’s fine too. Bulgarians should have cheap fuel", the leader of DPS-New Begining Delyan Peevski told journalists in parliament...

published on 1/29/25 11:58 AM

Bulgaria, Bulgarians and the stir in the world of cryptocurrencies

A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news that he was launching his own cryptocurrency, called $TRUMP. A precedent that provoked many questions..

published on 1/29/25 10:30 AM