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Bulgaria: Smallest Sunflower Crop in a Decade to Severely Impact Bulgarian Crush and Product Exports
FAS/Sofia estimates a reduction in Bulgarian oilseeds crops in marketing year (MY) 2024/25 due to extremely hot and dry weather conditions in July and August. FAS/Sofia estimates the rapeseed crop at 190,000 metric tons (MT), down nine percent from last year and 36 percent from two years ago.
FAS/Sofia expects a lower Bulgarian rapeseed crop in marketing year (MY) 2024/25, falling by four percent from last year to about 200,000 metric tons (MT), due to a combination of reduced harvested area and unfavorable weather.
FAS/Sofia’s marketing year (MY) 2023/24 sunflower production estimate is lowered to 1.7 million metric tons (MMT) based on the final harvest data. The sunflower crop suffered from severe and prolonged summer drought and high heat which reduced yields considerably.
FAS Sofia updates its forecasts for Bulgarian production of oilseed crops in marketing year (MY)2023/24 to 2.48 million metric tons (MMT), based on improving prospects for average yields of rapeseed and sunflower.
Dashboard that demonstrates the scope of Black Sea grain and oilseed trade. Millions of tons of grain are shipped through these international waters each year, making the Black Sea region a major supplier of agricultural commodities worldwide.
In MY 2021/22, the total value of Japan’s soybean imports reached a historical record while rapeseed crush hit the lowest point in 10 years as rapeseed imports from Canada declined.
Bulgarian production of oilseed crops in marketing year (MY)2022/23 was at the same level as in MY2021/22 at 2.4 million metric tons (MMT), from 8 percent higher area harvested due to lower yields impacted by the summer heat and drought.
On October 13, the Consumer Affairs Agency (CAA) opened a public comment period for proposed revisions to the genetically engineered (GE) labeling requirements of the Food Labeling Standards.
In MY 2022/23 Bulgaria expects to harvest a sunflower crop of 2-2.1 million metric tons (MMT), on par with the previous season. Despite optimistic expectations early in the season based on higher area planted and favorable weather, average yields have been affected by the summer drought and heat, along with higher pest infestation.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
In MY 2021/22, profit margins of Japanese soybean crushing surpassed those of canola crushing. Meanwhile, as hotel, restaurant, and institutional service industries (HRI) began to recover from the effects of the COVID pandemic, demand for soybean oil spiked as canola oil demand dropped with less home cooking than during the peak crisis period.
Bulgarian farmers planted higher area under rapeseed in marketing year (MY) 2022/23 due to attractive and consistently increasing prices.