Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Bulgarian grain trading has been slower than the previous season

18.11.2020 16:35 "Agro Perspectiva" (Kyiv) Following are selected highlights from a report issued by a U. S. Department of Agriculture attache in The Sofia (Bulgaria), on October 16, 2020, the Bulgarian Ministry of Agriculture (MinAg) reported the 2020 corn harvest at 91 percent complete with 2.5 million metric tons (MMT), a 15-percent decline from marketing year (MY) 2019/20. Although the reported area harvested was 26 percent higher, average yields were 29 percent lower from last year. Post revises down its estimates for the MY 2020/21 corn crop to 3.0 MMT. The fall 2020 winter grain planting season has been slow due to drought conditions. As of

October 15, wheat planting was 57 percent behind last year and barley planting by 50 percent behind.

Weather Overview

Warm and dry summer weather persisted during the first three weeks of September, the warmest on record since 1979. Despite the generally dry conditions, limited precipitation during the first five days of September and after October 5 reached 60–100 mm in northern Bulgaria, while southern regions received 40–70 mm. The dry weather assisted with fall harvest in September, although the October rains led to harvest delays. Although the dry weather delayed winter grain planting, soil moisture conditions improved in October (see Maps 1–3, Crop Explorer and Bulgaria data).

MY 2021/22 Forecast

While dry conditions during the fall have delayed winter grain planting, farmers are keen to increase the area planted for winter wheat and barley due to attractive prices. Despite their efforts, winter wheat and barley planting are 57 percent and 50 percent, respectively, behind last years pace. Although October rainfall supported winter crop development, sub-surface soil moisture remains low, especially in major production areas. Late planting and low soil moisture presuppose a negative impact on the yield potential.

MY 2020/21 Production Estimates

There are no changes in Post estimates for wheat and barley crops at 5.0 MMT and 570,000 MT, respectively.

Corn: According to MinAg, this years corn area planted reached 575,000 hectares (HA), a record high. Average yields to date are 4.86 MT/HA, 29 percent below last season. Summer heat and drought negatively affected the crop, especially in the major northeastern production region. Farmers in northcentral and northwestern Bulgaria reported higher yields, as these areas saw more rainfall than other regions. Private production estimates currently vary from 2.5 MMT to 3.0 MMT. According to Eurostat, Bulgarias corn crop is 2.82 MMT. The EU Crop Monitoring System estimates the average corn yield in Bulgaria at 5.0 MT/HA (MARS Bulletin #28, No 10, October 2020) which translates in production of 2.87 MMT. Currently, Post estimates the corn yield at 5.2 MT/HA and production at 3.0 MMT.

MY 2020/21 Trade Estimates

Bulgarian grain trading has been slower than the previous season. The fall drought and challenging planting, lower crop availability, and growing prices have made farmers reluctant to sell.

As per MinAgs weekly bulletins, late October milling wheat prices and corn prices increased by 16 percent and 19 percent, respectively, over late October in 2019.

MY 2019/20 Final Trade Data Wheat: According to Eurostat (Trade Data Monitor (TDM) based on Eurostat), wheat and product exports during MY 2019/20 were 5.11 MMT (in wheat equivalent), mostly to Spain, Greece, Portugal, Romania, South Korea, and Indonesia (Table 3). This marks a 21-percent increase in wheat exports

over MY 2018/19 (4.2 MMT).

Barley: According to Eurostat/TDM data, exports were 321,559 MMT mainly to Libya, Saudi Arabia, Greece, and Spain, a 59-percent increase over MY 2018/19 (202,000 MT).

Corn: The latest Eurostat/TDM data for corn exports in MY 2019/20 through July show 2.42 MMT, a 19-percent increase over the corresponding period in MY 2018/19 (2.04 MMT). Post maintains its forecast for corn exports in MY 2019/20 at 2.6 MMT.

Agricultural Policy

The summer-fall drought reduced average yields and overall declines in production and many farmers appealed for a state aid. Government officials allocated funds for domestic support for grain farmers under two programs, as follows:

- State aid for farmers suffering from natural disasters in 2020, budget of 5.0 million leva (2.55 million). The program supports farmers with 100 percent loss in yields due to drought, freeze, hail or frost. The compensation for grain farmers covers up to 20 percent of their losses.

Farmers who have no insurance will receive half of the due compensation.

- De minimis for summer dryness for farmers in select regions (Bourgas, Varna, Dobrich, Sliven, Silistra, Shoumen, Yambol). Eligible farmers are those who have over 30 percent decline in grain yields.

Agro Perspectiva

< Bosch and BASF establish joint venture for digital technologies in the agricultural sector All news for
18.11.2020
Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 statistics >

04.12.2022  
17:09 Global cereal production and trade forecast to fall to three-year lows
17:06 45 countries need external assistance for food
16:37 Global food prices overall hold steady in November
01.12.2022  
04:16 Cargill announces acquisition of Owensboro Grain Company
03:14 FAO and Pacific nations weigh local innovations as solutions to growing climate and nutrition challenges
02:37 Global Environment Facility tasks FAO and IFAD to lead new $230 million agrifood systems transformation program
02:15 Cargill Appoints Brian Sikes as President and Chief Executive Officer, and Dave MacLennan as Executive Chair of the Board
23.11.2022  
05:44 Australia sugar production for 2022/23 is estimated to rise slightly to 4.4 MMT
21.11.2022  
07:54 U.S. provides up to $20 mln for Grain from Ukraine initiative
07:25 Grain from Ukraine program foresees provision of at least 5 mln people with grain until end of spring 2023
16.11.2022  
10:02 World sugar production - 179.6 million tonnes - FAOs preliminary forecast
15.11.2022  
20:11 Rice. The 2022/23 global harvest is still envisaged to remain at an overall average level of 512.6 million tonnes
19:38 World wheat production is forecast to reach a record 784 million tonnes in 2022/23,
19:32 Alarming signs as the global food import bill set to rise to nearly US$2 trillion due to higher prices
10.11.2022  
13:35 Conflict on the Black Sea: a review of Ukraine sunflowerseed
08.11.2022  
08:12 Ukraine: FAO reinforces its presence to optimize technical and humanitarian assistance
02.11.2022  
09:52 Pork. Global production is forecast to rise 1 percent in 2023 to 111.0 million tons as production in China increases
09:33 Turkey raises tariff on imported sunflowerseed
09:24 India: The FSSAI's 2021 Draft Amendments to the Approval of Non-Specified Food and Food Ingredients Regulation is now a Final Amendment in 2022
31.10.2022  
08:00 New $250 million USAID grant will boost FAOs efforts to strengthen global health security and agrifood systems
07:45 Global market overview onions
28.10.2022  
07:00 China: Worlds Largest Walnut Producer Turns to Exports
27.10.2022  
08:44 Credit Union Member Farmers in Ukraine Receive Free Fuel Through Worldwide Foundation for Credit Unions Program
24.10.2022  
13:37 EBRD commits up to EUR3 billion to Ukraine
21.10.2022  
17:00 European Commission and EIB initiate feasibility study to better connect Ukrainian and Moldovan railway networks with EU
14.10.2022  
20:15 EBRD and United Kingdom join forces to back Ukrenergo
20:11 Canada and EBRD join forces to support Ukraines Naftogaz
12.10.2022  
21:03 Strong Farmer Selling Sparks Argentina Exports
20:32 EU Corn Imports Remain High with Smaller Crop
10.10.2022  
19:54 Inflation in Ukraine up to 1.9% in Sept, to 24.6% in annual terms - statistics
09.10.2022  
10:54 Turkey Peach and Nectarine Prospects Continue to Ripen
09:32 EU27 sugar production for MY 2022/23 is forecast at 16 MMT
07.10.2022  
11:35 World Bank improves forecast for growth of Ukrainian economy in 2023 to 3.3%
11:17 Asia-Pacific countries urged to rapidly transform agrifood systems as hopes fade for achieving the Sustainable Development Goals by 2030
11:11 Lower forecasts for 2022/23 global cereal output, utilization and trade
11:05 FAO Food Price Index drops for the sixth consecutive month
10:26 How sustainable forest management can enhance the worlds biodiversity
05.10.2022  
10:22 Turkeys pistachio production in MY 2022/23 is forecast to increase year-over-year to 210,000 MT
04.10.2022  
20:05 World Bank improves forecast for growth of Ukrainian economy in 2023 to 3.3%
12:11 Tackling food loss and waste: A triple win opportunity
28.09.2022  
08:47 EBRD expects Ukraines economy to contract by nearly a third in 2022
27.09.2022  
15:48 Farmers sowed 961,000 hectares of winter rapeseed
13.09.2022  
07:03 China vegetable oil imports plunge in 2021/22 but forecast to recover in 2022/23
05:00 India Imposes Export Restrictions on Certain Types of Rice
08.09.2022  
16:43 Famine in Somalia projected, lives of millions of people are at immediate risk, UN says
05.09.2022  
19:00 Lower cereal production outlook underpins downward revisions for utilization and stocks in 2022/23
18:55 World food commodity prices dip for fifth month in a row in August
31.08.2022  
08:55 BASF and Corteva Agriscience collaborate to deliver the future of weed control to soybean farmers
29.08.2022  
23:37 Ukraine and Moldova abolish permits for intl cargo transportation from Sept
14:57 Chile: Walnut production estimates in 165,000 MT in 2022/23 MY

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2022 © Agrarika, ltd.
tel.: +380 44 5934543; +380 44 5934540
e-mail: client@agroperspectiva.com