Bulgaria: Oilseeds and Products Market Update
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Post forecasts a decline in Bulgaria’s rapeseed area planted and production in marketing year (MY) 2020/21 due to dry fall planting conditions. Post estimates Bulgaria’s sunflower crop in MY 2019/20 will be lower than previous forecasts due to drought conditions in July and August. The MY2019/20 rapeseed crush is projected lower than last year, while the sunflower crush is likely to increase. Reductions in Bulgaria’s swine herd following the summer African swine fever (ASF) outbreak will decrease demand for oil meals, including imported of soybean meal.