Bulgaria: a rapeseed crop decline to affect all market players

The Bulgarian Ag Ministry’s final report on the 2018 rapeseed crop contains no changes from June: 

– the total rapeseed crop placed at 471 KMT (down 1.7% from 2017);

– the planted area is at a four-year high of 185 Th ha (up 12% from 2017);

– rapeseed yield is at 2.58 MT/ha, i.e. below its five-year average of 2.74 MT/ha).

Rapeseed crush has been falling for a second consecutive season, almost all rapeseed exports went to the EU, reports UkrAgroConsult.

In 2019/20 season the rapeseed crop will fall because of an acreage decrease and a yield drop below the five-year average. Crop decline will be partially offset by rapeseed imports.

As UkrAgroConsult stated before, the trend of the previous two seasons will continue in MY 2019/20.

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators – the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.

UkrAgroConsult