Bulgaria set to increase its rapeseed crop next season

UkrAgroConsult

Article author:

Svetlana Kupreeva

Oilseed Market Analyst

Based on real-time harvest data, the rapeseed crop in Bulgaria is estimated at 350-380 KMT (+30-35% from MY 2020/21).

Export potential of the rapeseed market was increased by 10%. The Bulgarian market is traditionally focused on EU countries, but the situation is adjusted by scarce global supply – foreign demand is high and real-time data indicate rapeseed shipments outside the EU.

Rapeseed crush will rise by 10-12%, UkrAgroConsult reports.

Due to international markets, MY 2021/22 is becoming a season of record rapeseed prices. This will heighten farmers’ interest in growing this crop and result in a larger planted area next season.

The rapeseed area for 2022 is expected to expand by 10-15%. Provided the weather is favorable, this will restore production of the commodity.

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Tags: Bulgaria, rapeseed crop, next season