Bulgaria: Grain Market Update
The winter wheat and barley harvests began earlier than usual in 2018. As of June 21, about 47 percent of barley and 4 percent of wheat areas were harvested. Following a mild winter, most production regions experienced unfavorable spring weather, including dry weather during early spring, as well as hail storms. Frequent rains and cooler temperatures in June delayed the harvest and are leading to quality and yields problems, as well as higher risk of diseases and pests. Wheat and barley yields are forecast to decline from last season’s record levels by about 10 percent. Following a year of record wheat exports, MY2017/18 ending stocks are expected to decline. Reduced production is also likely to limit export potential in MY2018/19. Corn planting was delayed due to rainy weather in April. Planted area is estimated to increase slightly. Rainy June weather is supporting the corn crop and assuming the weather cooperates for the rest of the season, production may be comparable or slightly above last year.
