Bulgaria: Oilseeds and Products Market Update
Following a double digit decline in total oilseed production in MY2015/16 due to summer heat and drought, Bulgarian farmers are ready to expand planted areas under sunflower and rapeseed in MY2016/17. The first attempt to grow soybeans in MY2015/16 brought disappointing results and areas are likely to decline in the next season. Provided that weather cooperates, total oilseed production may restore to its higher level and grow by 10% or more compared to MY2015/16. MY2015/16 data to date shows slower exports of rapeseeds and sunflower seeds at the expense of higher local crush and use.
