Bulgaria. The 2024 shortage of sunflower seed increases the crushers’ risks
UkrAgroConsult
Article author:
Bulgaria was SFS exporter, but significant private investment in processing capacity in 2022-2023 turned the country into a sunflower oil and meal exporter.
The main markets for Bulgarian oil are India and South Africa, for sunflower meal – China, Israel and Morocco, and for refined sunflower oil – the USA, Australia, New Zealand and the UK.
In 2024, shortage of sunflower seed increases the risks of stable oilseed processing. Many plants are shutting down and/or announcing a further increase in SFS prices. The low SFS harvest in 2024 (1.42 M mt) and the loss of SFS imports from Ukraine, as it was in 2022-2023, leads to a surplus of processing capacity.
The problem is already regional. In Romania, a shortage and an increase in SFS prices are also possible in 2025.
Full version of the article is available to subscribers of the Weekly ‘BLACK SEA & DANUBE OILSEED REPORT’ by UkrAgroConsult.
Request a free a sample report and apply for subscription here.
Be confident with your business and trade strategy based on professional analysis and forecasts of the Black Sea agri market.
Read also
Turkey warns Ukraine and Russia against further attacks on ships in the Black Sea
More than 20 thsd freight wagons accumulate at Ukraine’s western rail border...
World Bank forecasts 10% rise in food commodity prices in 2026 amid global risks
Wilmar’s profit falls 25% as soybean crushing margins weaken
Brazil’s wheat imports could reach 10 mln tons, a 30-year high
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon