
Bulgaria: tight rapeseed supply and demand balance offset by a crop increase

UkrAgroConsult
Article author:
Amid high feedstock prices, unfavorable weather conditions in the fall of 2020 (a substantial moisture deficit) curbed farmers’ plans with regard to winter rapeseed plantings for the 2021 crop.
At the same time, winter rapeseed plantings totaled increased by 9% from MY 2020/21.
Real-time harvest data indicate high yield and crop levels (up 25.3% and 46.3% from MY 2020/21, respectively).
According to UkrAgroConsult’s projections, the rapeseed crop will increase considerably with a near record yield.
The rise in production will allow reducing dependence on imported rapeseed and pushing crush up to a new record high.
A rise is expected in rapeseed exports, which are traditionally aimed at EU countries. However, the global supply situation brings its own adjustments: foreign demand is high and the first real-time reports indicate rapeseed shipments outside the EU.
Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
BLACK SEA OIL TRADE: Showcase Your Business Among the Key Market Makers!
Ukraine. Starting in June, minimum export prices will be determined in a new way
Algeria forecasts stable wheat and barley harvest for 2025/26
FAO expects production of all major cereals to increase in 2025/26
Ukraine. Current European quotas will be enough for 2-3 months of exports
Write to us
Our manager will contact you soon