Bulgaria Grains Market S&D, 2025/26
UkrAgroConsult
Article author:
Wheat
Global supply is heavy with lower buying than in 2024. Farmers face weak bids vs. rising costs, so cash flow is tight. Wheat stocks in Bulgaria as of mid-November are higher than last year.
The cash from the largest wheat crop was expected to compensate for the losses from the smaller corn and sunflower seed harvests.
Flour use keeps shrinking, so milling demand is down about 20% y/y. Feed rations are not switching aggressively from corn to feed wheat yet, despite the logical circumstances.
Although harvesting delayed slightly, export is lower while rivals filled slots. This season Algeria and Egypt are the core buyers, Asia is harder to reach with Australia and Argentina activity.
Barley
The situation on neighboring markets should increase the export potential of Bulgarian barley in the near future. Another positive signal is the increase in the quota for duty-free imports by Turkey from 0.7 to 1 million tons.
Bulgaria’s harvest increased in 2025 due to good exports in 2024/25.
Corn
Short crop means Bulgaria cannot meet domestic demand without imports. Gov’t intentions are to avoid the imports to strengthen local farmers ‘position keeping out Ukrainian corn, so compound feed producers are cutting corn in feed mixes to the minimum.
But in this situation, food and industrial processing of corn will suffer the most.
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