Bulgaria. Sunflower seed prices continued their growth last week

Sunflower seed price in Bulgaria continued growing, hitting a new season high (up BGN 2/MT or up USD 1/MT), reports UkrAgroConsult.

The main bullish factors included the following:

  • price growth in the world markets of vegetable oils, and also on sunflower oil market; 
  • growers holding back sunflower seed sales in expectation of a further price increase;
  • steady high demand from the sunflower crush segment;
  • a decrease in the forecast for this season’s sunflower seed crop to 1.87 MMT (USDA report);
  • absence of export shipments last week.

Rapeseed price remained at the previous level, prices were more declarative.

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