Bulgaria: the new season may witness a rapeseed crop recovery

UkrAgroConsult

Article author:

Svetlana Kupreeva

Oilseed Market Analyst

This 2020/21 season in the EU rapeseed market featured the same scenario as in the previous marketing year: the 2019/20 rapeseed crop failed to reach 17 MMT that entailed another decrease in ending stocks and reinforced the EU’s position among importer of this commodity.

The 2020/21 crop in Bulgaria hit an eight-year low of some 280 KMT. The supply and demand balance was adjusted not only to the tight season, but also to increased oilseed demand from crushers. As a result, imports jumped almost fourfold, an almost 54% slump in rapeseed exports and a rise in domestic crush.

In the fall of 2020, we wondered if Bulgarian farmers would risk expanding the planted area of winter rape? The first EuroStat estimates of fall planting for the 2021/22 harvest indicate that the situation did not favor Bulgarian rapeseed.

Taking into account the winter weather and current winter rape condition, the crop may rise in 2021 year that will allow to restore exports and further boost domestic rapeseed crush, UkrAgroConsult reports.

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UkrAgroConsult

Tags: Bulgaria, rapeseed